đ„đ„đ„ #bitcoinâïž Pauses at $71K While Cardano Gains 6%: Weekend #MarketWatch
Bitcoinâs price recovery took it up to $71,500 yesterday, but bears stepped in at that level, pulling it back down by roughly $2,000.
BTC Halted at $71.5K
- Earlier in the week, Bitcoin started strong, surging past $70,000 on Tuesday and reaching a multi-month high of $73,600, just shy of breaking its all-time high of $73,740 from March. However, the rally lost steam as Bitcoin gradually declined. The most significant drop occurred on Friday morning, with BTC dipping below $69,000, losing about $3,000 within hours.
- Following the release of a weaker-than-expected U.S. jobs report for October, Bitcoin rebounded to $71,500 but once again faced resistance and now sits about $2,000 lower. This dip has brought its market cap down to $1.375 trillion, with BTCâs dominance over altcoins still holding strong at over 56%.
$ADA Outperforms Among Altcoins
- Most major altcoins have shown minimal movement today. While $ETH , $BNB , SOL, XRP, TRX, AVAX, and LINK are down by about 1-2%, DOGE, SHIB, and TON have posted slight gains. Cardano (ADA), however, has defied the trend, rising by 6% and trading above $0.35.
Other notable gainers include RAY (+14%), XMR (+5%), and MEW (+5%).
Overall, the total crypto market cap remains stable at just under $2.450 trillion.
