According to CryptoPotato, Bitcoin's price experienced a dip to a weekly low of around $66,600 on Friday, following a few days of sideways trading. However, it managed to recover by approximately $1,000. Meanwhile, altcoins such as Ethereum (ETH) showed sluggish performance, with ETH gaining about 1% and nearing the $3,800 mark.
The start of the business week saw a bullish trend, with the primary cryptocurrency rising from under $69,000 to a weekly high of over $70,500. However, the landscape changed as Bitcoin slumped by more than $3,000 by Tuesday. Despite volatility in the following days, Bitcoin remained in a range between $67,000 and $69,000, with a brief attempt to surpass the latter on Thursday. This was followed by a sharp decline, with the asset falling by $3,000 to $66,600, marking its lowest price in about a week. The bulls reemerged at this point, preventing further declines and causing Bitcoin to spike by roughly $1,000. It now sits between $67,500 and $68,000.
Bitcoin's market capitalization has slipped to $1.330 trillion, and its dominance over the altcoins remains at 50%. Meanwhile, Ethereum is up by around 1% and now sits close to $3,800. Other altcoins such as BNB, SOL, XRP, ADA, and DOT have seen insignificant gains, while LINK and PEPE have increased by around 3-4% in a day. On the other hand, SHIB slumped by almost 3%, while UNI slumped by 6% and is close to breaking below $10. The total crypto market cap has seen about $20 billion gone in a day and is down to $2.660 trillion.
