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MainNewsBitcoin (BTC...

Bitcoin (BTC) Price Unstable at $67K, Altcoins Turn Red (Market Watch)


Bitcoin (BTC) Price Unstable at $67K, Altcoins Turn Red (Market Watch)
May, 20, 2024
2 min read
by CryptoPotato
Bitcoin (BTC) Price Unstable at $67K, Altcoins Turn Red (Market Watch)

Bitcoin’s price dropped below $67,000 on a few occasions in the past 24 hours but has reacted well to each correction and now sits at that line once again.

The altcoins are slightly in the red on a daily scale, with TON, ADA, and SHIB retracing by around 3%.

BTC Goes Down and Up

It was less than a week ago – last Tuesday – when the primary cryptocurrency’s price had declined to just over $61,000 amid some Coinbase issues. However, the asset bounced off almost immediately and started a notable rally on Wednesday after the US CPI numbers were announced.

In a matter of hours, BTC jumped by several grand and exceeded $66,000. It corrected on Thursday to just under $65,000 but reversed its trajectory once again by the end of the week.

This culminated in a couple of price pumps above $67,500, the latest of which came on Sunday. However, the bears intercepted the move and pushed BTC down to just under $66,000. A bit more volatility followed with another brief decline, but bitcoin currently stands close to $67,000 once again, being down less than 0.5% in a day.

This means the cryptocurrency’s market cap remains around $1.320 trillion, and its dominance over the alts is close to 52%.

Bitcoin/Price/Chart 20.05.2024. Source: TradingView
Bitcoin/Price/Chart 20.05.2024. Source: TradingView

Alts See Red

Most altcoins have mimicked BTC’s performance in the past 24 hours, posting minor losses. ETH is close to breaking below $3,100 after a 0.4% daily decline as anticipation for the SEC’s decision on Ethereum ETFs grows. Binance Coin has decreased by a similar percentage to $576.

More losses from the larger-cap alts come from XRP, DOGE, AVA, DOT, TRX, and BCH, while TON, SHIB, and ADA are down by 2.5-3%.

In contrast, Solana’s native token has jumped by 2.5% and sits close to $180. WIF, PEPE, NEAR, and GRT are also slightly in the green.

The total crypto market cap has shed some value since yesterday and is just under $2.550 trillion on CG now.

Cryptocurrency Market Overview. Source: QuantifyCrypto
Cryptocurrency Market Overview. Source: QuantifyCrypto

The post Bitcoin (BTC) Price Unstable at $67K, Altcoins Turn Red (Market Watch) appeared first on CryptoPotato.

Read the article at CryptoPotato

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MainNewsBitcoin (BTC...

Bitcoin (BTC) Price Unstable at $67K, Altcoins Turn Red (Market Watch)


Bitcoin (BTC) Price Unstable at $67K, Altcoins Turn Red (Market Watch)
May, 20, 2024
2 min read
by CryptoPotato
Bitcoin (BTC) Price Unstable at $67K, Altcoins Turn Red (Market Watch)

Bitcoin’s price dropped below $67,000 on a few occasions in the past 24 hours but has reacted well to each correction and now sits at that line once again.

The altcoins are slightly in the red on a daily scale, with TON, ADA, and SHIB retracing by around 3%.

BTC Goes Down and Up

It was less than a week ago – last Tuesday – when the primary cryptocurrency’s price had declined to just over $61,000 amid some Coinbase issues. However, the asset bounced off almost immediately and started a notable rally on Wednesday after the US CPI numbers were announced.

In a matter of hours, BTC jumped by several grand and exceeded $66,000. It corrected on Thursday to just under $65,000 but reversed its trajectory once again by the end of the week.

This culminated in a couple of price pumps above $67,500, the latest of which came on Sunday. However, the bears intercepted the move and pushed BTC down to just under $66,000. A bit more volatility followed with another brief decline, but bitcoin currently stands close to $67,000 once again, being down less than 0.5% in a day.

This means the cryptocurrency’s market cap remains around $1.320 trillion, and its dominance over the alts is close to 52%.

Bitcoin/Price/Chart 20.05.2024. Source: TradingView
Bitcoin/Price/Chart 20.05.2024. Source: TradingView

Alts See Red

Most altcoins have mimicked BTC’s performance in the past 24 hours, posting minor losses. ETH is close to breaking below $3,100 after a 0.4% daily decline as anticipation for the SEC’s decision on Ethereum ETFs grows. Binance Coin has decreased by a similar percentage to $576.

More losses from the larger-cap alts come from XRP, DOGE, AVA, DOT, TRX, and BCH, while TON, SHIB, and ADA are down by 2.5-3%.

In contrast, Solana’s native token has jumped by 2.5% and sits close to $180. WIF, PEPE, NEAR, and GRT are also slightly in the green.

The total crypto market cap has shed some value since yesterday and is just under $2.550 trillion on CG now.

Cryptocurrency Market Overview. Source: QuantifyCrypto
Cryptocurrency Market Overview. Source: QuantifyCrypto

The post Bitcoin (BTC) Price Unstable at $67K, Altcoins Turn Red (Market Watch) appeared first on CryptoPotato.

Read the article at CryptoPotato

Read More

LEAKED: Biden Admin to Attend Bitcoin Roundtable With Key Congressional Officials in DC

LEAKED: Biden Admin to Attend Bitcoin Roundtable With Key Congressional Officials in DC

The proposed meeting, led by U.S. Congressman Ro Khanna, is set to discuss how to kee...
Jun, 15, 2024
2 min read
by Bitcoin Magazine
Despite Crypto Market Downturn, TON Achieves All-Time High

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While bitcoin and the broader cryptocurrency market experienced declines over the pas...
Jun, 15, 2024
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