Crypto Market Turns Red: Bitcoin Struggles at $42K (Market Watch)

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Most of the cryptocurrency market is in the red today with substantial price losses from Ripple, Avalanche, and Polygon. Bitcoin struggles at $42K.

After failing to overcome $43,000 on a few occasions since yesterday, bitcoin continues to struggle around its January 2021 ATH at $42,000. The alternative coins are also in the red today, with some more notable price dips from Ripple, Avalanche, and MATIC.Back on February 10th, bitcoin initiated an impressive leg up that resulted in charting a new five-week high of just under $46,000.

The cryptocurrency bounced off and tapped $44,000 but turned out to be a false breakout. BTC went straight south again and dipped below $42,000 for the first time in a week. As of now, the asset stands just over that line, which is where the 50-MA is situated. Its market capitalization stands at around $800 billion as a result.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 568. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Technical Analysis: AMP Surges, IOTX Lower After Friday's Jump – Market Updates Bitcoin NewsFriday’s big gainer IOTX fell lower on Saturday, as a red wave continued to submerge crypto markets to start the weekend. Buy and hold you will be billionary tomorrow WSG Minifootball Leopard and BabyDoge 🚀🚀🚀⭐️☀️⭐️🚀🚀🚀☀️⭐️🚀🚀🚀 Check out metaloop tech,great project with huge potential.Only 1.8m MC MLT Metaloop I do liquidity mining in coinbase wallet, I put USDT in my wallet, then I can collect node certificates every day and get rewarded ETH from the mining pool. If you want to know, you can follow me or private message me
Source: BTCTN - 🏆 531. / 51 Read more »