Bitcoin Stopped at $25K, Conflux Explodes 510% Weekly on China Hype: Market Watch

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It appears the China hype has pushed some local altcoins to unseen heights, including Conflux.

Bitcoin tried its hand at taking down $25,000 decisively once again in the past 24 hours, but to no avail so far.

Most altcoins have also turned red today, with MATIC, SOL, and LTC slipping by over 3%. CRO, on the other hand, has soared by more than 8%.Bitcoin experienced a highly volatile end of the previous trading week, surging past $25,000 to mark its highest price level since August before dumping hard by roughly $2,000. The weekend was calmer, as BTC spent it around $24,500.

Sunday evening, though, saw another price increase toward $25,000, which was stopped in its tracks. The subsequent rejections brought the asset down below $24,000.once again on Monday. This time, BTC briefly exceeded $25,200, but as it happened before, it dropped back down by several hundred dollars almost immediately. The cryptocurrency now stands inches away from $25,000 once again, while its market capitalization has neared $480 billion.

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