Yesterday, Bitcoin tried again to break $20,000, but just like it did earlier this week, it stalled and dropped by almost $1,000.
Most of the larger-cap altcoins are slightly in the red now, while there are some gains with mid-caps.
Bitcoin rejected at $20,000 once again
Bitcoin had a significantly less volatile week than last week as US Federal Reserve actions pushed it south to a three-month low at $18,100.
The asset regained some ground and settled around $19,000. In fact, he spent most of the weekend there and even Monday.
The first notable price move came on Tuesday when the cryptocurrency jumped to a 12-day high of $20,400. As the bulls prepared for another leg, the bears remembered their grip on the market and pushed the asset hard south.
In a matter of hours, BTC had fallen below $18,000 before returning to a known trading range between $19,000 and $20,000. As Friday drew to a close, bitcoin pumped again, touching $20,000, but stalled and eased back to $19,300 as of now.
However, BTC’s dominance has gained about 2% in a week and now stands at 39.5%. It even touched 40% earlier this week.
Less volatile highs
Altcoins are a bit uncharacteristically quiet right now, having failed to post impressive gains yesterday.
Ethereum’s post-merger struggles continue. It was trading above $1,600 when the transition to PoS was completed just over two weeks ago, but dropped to $1,200 in the following days. Since then, it has regained some ground, but cannot break above $1,350.
Ripple was one of the best performers of late, perhaps boosted by the positive development of the case against the SEC. Now, however, XRP has retreated slightly by 3% in a day after touching $0.5 yesterday.
Binance Coin, Cardano, Solana and Polkadot are also slightly in the red on a daily basis.
From the mid-cap highs, Uniswap and QNT are the only ones with notable gains now.
Binance Free $100 (Exclusive): Use this link to sign up and get $100 free and 10% off fees on Binance Futures in your first month (terms).
PrimeXBT Special Offer – Use this link to sign up and enter code POTATO50 to receive up to $7,000 in your deposits.
Disclaimer: The information found on CryptoPotato is that of the quoted writers. It does not represent CryptoPotato’s views on whether to buy, sell or hold any investment. You are advised to do your own research before making any investment decisions. Use the information provided at your own risk. See disclaimer for details.
TradingView Cryptocurrency Charts.