Bitcoin had a controversial week in terms of price movements, as it slumped to a ten-day low and jumped by nearly five grand a day later but failed to sustain its momentum.
The altcoins also suffered on a weekly basis, but most have turned green after yesterday’s retracements.
The volatile week began on Monday after BTC failed to overcome $71,000 on Sunday, which resulted in a price drop of two grand. After it bounced off to $70,000 once more on Tuesday, the bears initiated another leg down, which resulted in a more violent price drop to $66,000.
They kept the pressure piling in the following hours and pushed Bitcoin to a ten-day low of around $64,500. This came amid reports that the US government had transferred 2,000 BTC to Coinbase. The stash was confiscated from Silk Road, and the fears about the sale propelled a notable price decline.
Nevertheless, Bitcoin reacted well after this crash and surged by almost five grand a day later to just over $69,000. That was short-lived, though, as the asset fell to $66,000 yesterday.
Currently, BTC stands close to around $68,000 after the bulls took charge once again. Its market cap has gone up to $1.340 trillion, while its dominance over the alts stands tall at 50.3%.
Most altcoins fell in the past few days but have turned green now, with minor gains. ETH, BNB, SOL, XRP, ADA, SHIB, and DOT have all increased by somewhere between 1-2% in the past day.
More impressive price jumps are evident from TON and AVAX. Toncoin has jumped by 4% and trades well above $5.3, while AVAX is up by 2.7% and sits north of $46.
Dogecoin is the most notable gainer from the larger-cap alts. DOGE has jumped by 5% and has reclaimed the $0.18 level. NEAR and STX are the other alts with gains worth mentioning of 5-6%.
The total crypto market cap has increased by about $30 billion since yesterday and is up to $2.665 trillion on CG.
The post Bitcoin (BTC) Challenges $68K, Dogecoin (DOGE) Soars 5% Daily (Weekend Watch) appeared first on CryptoPotato.
Bitcoin had a controversial week in terms of price movements, as it slumped to a ten-day low and jumped by nearly five grand a day later but failed to sustain its momentum.
The altcoins also suffered on a weekly basis, but most have turned green after yesterday’s retracements.
The volatile week began on Monday after BTC failed to overcome $71,000 on Sunday, which resulted in a price drop of two grand. After it bounced off to $70,000 once more on Tuesday, the bears initiated another leg down, which resulted in a more violent price drop to $66,000.
They kept the pressure piling in the following hours and pushed Bitcoin to a ten-day low of around $64,500. This came amid reports that the US government had transferred 2,000 BTC to Coinbase. The stash was confiscated from Silk Road, and the fears about the sale propelled a notable price decline.
Nevertheless, Bitcoin reacted well after this crash and surged by almost five grand a day later to just over $69,000. That was short-lived, though, as the asset fell to $66,000 yesterday.
Currently, BTC stands close to around $68,000 after the bulls took charge once again. Its market cap has gone up to $1.340 trillion, while its dominance over the alts stands tall at 50.3%.
Most altcoins fell in the past few days but have turned green now, with minor gains. ETH, BNB, SOL, XRP, ADA, SHIB, and DOT have all increased by somewhere between 1-2% in the past day.
More impressive price jumps are evident from TON and AVAX. Toncoin has jumped by 4% and trades well above $5.3, while AVAX is up by 2.7% and sits north of $46.
Dogecoin is the most notable gainer from the larger-cap alts. DOGE has jumped by 5% and has reclaimed the $0.18 level. NEAR and STX are the other alts with gains worth mentioning of 5-6%.
The total crypto market cap has increased by about $30 billion since yesterday and is up to $2.665 trillion on CG.
The post Bitcoin (BTC) Challenges $68K, Dogecoin (DOGE) Soars 5% Daily (Weekend Watch) appeared first on CryptoPotato.