Bitcoin (BTC)’s rally in the past few days came to a halt yesterday as the asset stalled at $100,000 and pushed south hard.
As expected, altcoins suffered even more, with major price drops including LINK, AVAX, ADA, SUI and many more. Bitcoin Stalled at $100K
Bitcoin underwent a massive correction last week following the recent FOMC meeting.
It dropped all the way from $108,000 to $92,000 in a matter of days. It rebounded on Friday and Saturday as bulls took it to near $99,500.
However, it failed there and pulled back hard again at the start of the working week towards $92,000 again. Bulls rallied again at this point and started another price surge that took Bitcoin to $99,200 on Christmas and almost $100,000 yesterday evening.
