Hey #CryptoSquad fam!
Yesterday was a wild ride for Bitcoin! After finally touching the coveted $70,000 level, it experienced a massive rejection that pushed it south by over four grand.
The altcoins aren't faring much better, with many of them turning red on a daily scale and contributing to a $100 billion decline in the total crypto market cap.
It's been a rollercoaster ride for BTC recently. Just last Thursday, the bears were in control, driving it down from over $67,000 to under $63,500. But then the bulls stepped in and pushed it back up to over $69,000 on Saturday.
Things got even more interesting when Donald Trump took the stage at the #Bitcoin Conference in Nashville. Volatility ensued, and BTC fell by $3,000 before bouncing back to its starting position.
But yesterday's surge to $70,000 was short-lived. The momentum was halted, and Bitcoin dumped hard by over four grand. Despite recovering about $1,000 since its low, it's still 4% down on the day.
The market cap has declined to $1.320 trillion, and BTC's dominance over the alts has been reduced to 52.5%. What does this mean for the future of Bitcoin?
Let me know in the comments! #MarketSentimentToday
Stay safe out there, folks!