After a few days of sideways trading, $BTC price headed south on Friday and slipped to a weekly low of around $66,600 before it recovered approximately a grand.
The altcoins are quite sluggish today, with $ETH gaining about 1% of value and closing down on the $3,800 mark.
$BTC Recovers:
The start of the business week went under the total domination of the bulls as they drove the primary cryptocurrency from under $69,000 to a weekly high of over $70,500. As hope started to emerge about a potential challenge to the all-time high of $73,800, though, the landscape changed and BTC slumped by more than three grand by Tuesday.
More volatility ensued in the following days, but bitcoin ultimately remained in a range between $67,000 and $69,000 with a short-lived attempt to overcome the latter on Thursday. The subsequent rejection pushed the asset south hard, and it fell by $3,000 to $66,600 yesterday, which became its lowest price tag in about a week.
The bulls finally reemerged at this point and didnât allow any further declines. Just the opposite, BTC spiked by roughly $1,000 and now sits between $67,500 and $68,000.
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