Crypto Market Consolidation Continues as Bitcoin (BTC) Fails to Break Above $95K (Market Watch)
Bitcoin failure to produce a large movement around $ 100,000 continued in the last 24 hours, as the assets seem stuck at around $ 95,000 without any indication of the next fluctuation wave.
Altcoins have also been fairly slow lately, with minor losses overlooking the graph on a daily scale.
BTC is $ 95,000
The main cryptocurrency managed to unravel its previous consolidation phase at the beginning of last week, when it pumped over $ 86,000, which served as the upper limit of this channel. In the following days, the asset exceeded $ 90,000 for the first time in more than six weeks and has skyrocketed just under $ 96,000 last Friday. This has become its highest price in two months.
Although he has failed to break this level and find himself slightly during the weekend, he remained high above $ 90,000 support. The only brief Slip occurred on Monday when BTC fell to $ 93,000 but quickly recovered the losses.
The Bulls went to the offensive but were arrested a few times in front of $ 96,000 despite the major entries in the BTC FNB. As such, Bitcoin continues to be negotiated on the side at around $ 95,000, currently sitting a few centimeters below.
Its market capitalization has stalled at 1.880 dollars on CG, while its domination over the alts is much greater than 61%.
Alts slightly in the red
Most Altcoins have lost a certain traction in the last 24 hours. Link, Avax and XRP lead the unfavorable trend of the larger CAP, with losses up to 3.5% in the case of ChainLink.
Eth, Doge, Ada, Suis, Shib, Hbar and BCH are also in red, but in a slightly less painful way.
The biggest losers of the 100 best alts include the best interpreter of yesterday, virtual, as well as Tao and Trump. The piece even linked to the American president has faced a lot of controversy in recent times, including the information according to which the team behind him had started to eliminate his assets in the middle of the price rally.
The total market capitalization of cryptography has slightly dropped by around $ 15 billion since yesterday to 3.065 billions of dollars on CG.
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