Bitcoin Stuck at $19K as Crypto Markets Stagnate (Market Watch)

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The cryptocurrency markets are untypically stable lately and the past 24 hours failed to return any volatility.

Bitcoin continued to trade sideways and was stopped before coming close to challenging $20,000. The altcoins are in a similar position, with very few notable movements in either direction., delivered a lot more volatility than the past several days. At the time, the cryptocurrency was sliding hard and dropped to a 10-day low of under $18,800.

However, the bulls briefly took control over the market at this point and pushed the asset north. In a matter of minutes, bitcoin found itself trading almost $2,000 higher . Nevertheless, the predominantly bearish market sentiment continued, and BTC dropped below $20,000 shortly after. It retraced to around $19,000, where itThe only exception came yesterday when BTC spiked to $19,600 but was quickly stopped and is back to a familiar ground now. As such, its market cap is still around $365 billion, and its dominance over the alts is again at 42.2%.This is all you need not to miss any price action in the raging crypto markets.

 

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