Bitcoin Returns to $70,000 as SOL Approaches $200
According to CryptoPotato, Bitcoin has returned to the $70,000 level after falling below that level yesterday and failing to overcome it decisively in the recovery phase. Several altcoins such as ETH, BNB, DOGE, and SHIB turned red on the daily scale, but SOL performed better and remains close to $200.
After a relatively quiet weekend, Bitcoin's business week started on a positive note, with the asset rising from around $64,000 to $66,000 before climbing as high as $70,000 on Tuesday. The bulls increased the pressure and pushed BTC to a new 15-day high just below $72,000 on Wednesday. However, the asset was strongly rejected here and pulled back to $68,400 after hours. Bitcoin soon began to recover and once again approached $72,000, but to no avail. Another decline followed and BTC fell to $69,200 yesterday. However, as of now it has managed to recoup most of the losses and stands at just over $70,000.
Its market capitalization remained between approximately $20 billion and $1.4 trillion, and its dominance over altcoins stood at 49.7% on CoinGecko. SOL gained almost 6% overnight and once again stalled near $200. TON's rise is similar, with the asset rising well above $5. Ripple, Cardano, Avalanche, Polkadot, Chainlink and Tron are also in green, albeit more modestly. BCH has continued its rise ahead of the second halving, which is just a few days away and is currently trading above $600. In contrast, ETH and BNB and the two largest meme coins, SHIB and DOGE, also fell slightly. Total crypto market capitalization has remained relatively stable on a daily basis and is currently below $2.8 trillion.
