Bitcoin tried its hand at $43,000 but failed. Most altcoins are slightly in the green today – AVAX and MATIC with the most substantial gains.
Following the latest price corrections, bitcoin attempted a quick recovery in the past 24 hours but was stopped at its tracks at nearly $43,000. Most altcoins are slightly in the green, while a few have produced more impressive increases, such as Avalanche and Polygon.The primary cryptocurrency has been on a downtrend for several days. It traded above $47,000 on Wednesday before the bears took complete control over the market on Thursday.
In a matter of hours, they pushed the asset down by $4,000, and BTC reached an intraday bottom of $43,000. Although this was already aBTC lost another sizeable chunk of value on Friday and dropped to a three-month low of $40,500 on Saturday. It remained relatively calm on Sunday around $42,000 before the bulls attempted a quick recovery session that drove it to just shy of $43,000.
However, bitcoin failed to overcome that line, and the subsequent rejection drove it to just under $42,000, where it sits now. As such, its market capitalization is still beneath $800 billion.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:
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Source: Utoday_en - 🏆 295. / 63 Read more »