After several consecutive days of marking impressive gains, bitcoin retraced slightly and lost around $2,000 since its local peak. The altcoins have calmed on a daily scale, except for a few lower- and mid-cap ones that surged, such as Tezos .Ever since February 4th, when the price of the largest cryptocurrency struggled below $38,000, the overall landscape has been highly bullish.
yesterday. This culminated in touching $45,500, which became the highest price tag seen by bitcoin in over a month. After gaining $8,000 in days, though, the community expected some kind of a retracement, and it arrived shortly after this peak. It drove the cryptocurrency down by about $3,000 to $42,500, but the asset reacted rather well and recovered $1,000 in the following hours.
As such, its market capitalization continues to stand well above $800 billion, and its dominance over the altcoins is close to 42%.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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