After several days of charting notable increases, bitcoin’s price has finally retraced by falling toward $58,000 earlier this morning.
The altcoins are also in the red on a daily scale, with the total market cap bleeding over $60 billion.Bitcoin bottomed last Friday at under $53,000, and the bulls took control in the following ten days or so. Within this timeframe, the asset jumped to over $58,000 last Monday, dumped to $55,500 after the US CPI numbers came out on Wednesday but went back on the offensive, which culminated on Friday and Saturday morning.
Cardano’s native token has slipped by almost 5% to $0.33. In contrast, TRX has seen a minor increase of 1.5%, while SUI has defied the overall market sentiment today with a 5.5% surge. Consequently, it now trades above $1.1. The cumulative market cap dropped by more than $80 billion earlier today but has recovered some ground and is now at $2.145 trillion.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
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