BTC Stopped at $101K
Perhaps on the heels of the substantial inflow toward the spot Bitcoin ETFs in the States, the primary cryptocurrency was finally able to break into six-digit territory last week. Recall that the asset exploded to a new all-time high of $103,650 on Thursday after gaining about $8,000 in a day.
The bears were quick to intercept the move and pushed the cryptocurrency south hard. BTC dumped by over ten grand in hours, causing a cascade of liquidations in the process. However, it bounced off and started to reclaim ground on Friday and during the weekend.
The top came at $102,000 on Friday and $101,300 on Sunday evening. However, both attempts were faced by rejections that drove the asset south. As of now, bitcoin stands shy of $99,000 after a minor daily decline.
Its market capitalization has dumped to $1.960 trillion on CoinGecko, but its dominance over the alts has risen to 52.1% as most of them are deeper in the red.
source : cryptorank
