Bitcoin versuchte sich daran, 17.000 $ zu gewinnen, wurde aber wie bei den meisten seiner früheren Versuche gestoppt.
Bitcoin fails before $17,000
After an uncharacteristically quiet weekend that saw Bitcoin hover around $16,500 for most of the day, the asset headed straight south on Monday and Tuesday, initially falling to $16,000 before plunging to a two-year low of $15,500.
It reacted to the multi-year bottom fairly immediately and rallied nearly $1,000 in the hours that followed. This resulted in $16,000 being reclaimed and even heading towards $17,000.
However, the bears came out to play yesterday as BTC marched down the latter. Hence, they prevented the asset from getting too close and pushed it back to $16,500 where it is also now trading.
His market capitalization has stayed above $315 billion, but its dominance over the alts has dropped to 38.2%.
Although BTC is about 75% of its all-time high marked last November, some on-chain analysts warned that BTC could go further south, at least according to UTXO.
The alternative coins have seen some significant gains of late, but most have now turned red. Ethereum surged from under $1,100 to over $1,200 in a matter of days. However, now ETH is struggling below the latter after a minor daily retracement.
BinanceCoin, Cardano, polygon, polka dots, Shiba InuOKB and Solana are also slightly down on the large-cap alternatives. LEO is down over 8%. Even Litecoin is down 3.5% on the day after recently hitting a six-month high.
Ripple, on the other hand, has emerged as today’s top performer. XRP is up almost 8% to hit $40.
With most small and mid-cap altcoins losing small chunks of value over the past 24 hours, the cumulative market cap of all crypto assets has fallen by about $10 billion to just under $840 billion.
Overview of the cryptocurrency market. Quantify Crypto
Source: Crypto News Deutsch