Bitcoin dropped by over a grand in the past 24 hours and registered its lowest price tag in about a week earlier today.Last week’s unfavorable market conditions culminated on Friday when BTC slumped to a two-month low at $25,800. However, the asset bounced off during the weekend, and spent most of it at around $27,000.
Monday began on a more positive note as BTC jumped to $27,600. However, it failed there and quickly lost all daily gains. Anotheron Wednesday, but the bears intercepted the move once again, and BTC was unable to challenge $27,500. The subsequent rejection was a lot more violent than the previous one. It took bitcoin south by a grand, and it plummeted to a weekly low of $26,400. Despite regaining several hundred dollars since then, bitcoin still trades under $27,000 as it’s 2% down on the day.This is all you need not to miss any price action in the raging crypto markets.
Cardano, Solana, Litecoin, Polkadot, Shiba Inu, and Avalanche have produced drops of around 1-2%. More daily losses come from the likes of Chainlink, ATOM, and TONCOIN – all of which are down by around 3%. Lido DAO’s native token has dropped the most from the larger-cap alts with a 6% nosedive. Yet, LDO still trades above $2.1.around the blockchain company’s legal case against the SEC, is up by around 3% and trades above $0.45.Cryptocurrency Market Overview. Source: Quantify Crypto
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