BTC adds another denial to the list and is unable to reclaim $ 50,000 while Ethereum is battling the $ 4,000 price range and is on the verge of falling below that level. So let’s read more in Today’s Cryptocurrency Latest News.
Bitcoin tried its luck again to hit $ 50,000 but, like other attempts, failed. The altcoins are undecided in their moves as almost all of them are in the red as Ethereum struggles to stay above $ 4000. Hit the $ 50,000 mark again last day, and Bitcoin was trading near the $ 49,000 mark after starting an impressive surge that caused it to break near the coveted mark. Additionally, BTC continued to surge, hitting nearly $ 51,000 for the first time in a few days. The cryptocurrency couldn’t stay above it, but over the next few hours it fell by $ 2,000 to its current position of $ 49,000.
BTCUSD. Source TradingView
Since the crash on Saturday when BTC crashed from $ 58,000 to $ 42,000, the asset has not been able to reclaim $ 50,000 despite some attempts. The current price means the market cap has fallen again but is still over $ 900 billion. The second largest cryptocurrency has had its better days too, having ridden a roller coaster ride from $ 4,650 to $ 3,500 in just a few hours last week before bouncing off pretty well and climbing over $ 4,400. The ETH bears returned pushing the asset south and it is now trading around $ 4000 after another slight daily decline.
Overview of the cryptocurrency market. Source Quantifying Crypto
Binance Coin also fell 3%, Solana fell 2.5%, Dogecoin fell 2%, CRO fell 1%, all in the red from the Altcoins with a larger upper limit. On the contrary, Ripple, Terra, Avalanche, Polkadot and SHIB posted smaller gains on a daily basis. Revain is the biggest winner, up 40% and approached $ 0.013, while Oasis Network followed suit, up 20%. On the other hand, Decred, Near Protocol and Quant lost the most on the day at 10%. The crypto market cap topped $ 2.3 trillion but is now just over $ 2.2 trillion.
Now Bitcoin is adding another rejection to its list, having recently failed to tap $ 50,000. As we saw over the weekend, the consolidation of Bitcoin continues as the asset is still unable to break the $ 50,000 price and the rest of the alternative coins are atypically stable, with Terra and Cardano being the only exceptions . Cardano gained 6% while LUNA also gained a similar percentage. The main cryptocurrency has shown increased volatility in the past few days as it tried to break above $ 50,000 on a few occasions, but every time it tried to move it was propelled by the bear movement.
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