After tapping yet another two-week high above $17,000, bitcoin has returned to that particular level.
Most altcoins are a lot calmer today, with a few exceptions, such as LUNC, TWT, and ETHW.
Bitcoin Fights for $17K
Ever since last week’s price drop to a two-year low and the sideways trading during the weekend at $16,500, the primary cryptocurrency was showing signs of minor recovery amid speculations that this bear cycle could be at its end.
This resulted in a price pump toward and beyond $17,000. In fact, the asset charted its highest price point in over two weeks yesterday at $17,250 (Bitstamp).
However, the bears intercepted the move and pushed BTC south again. As of now, the cryptocurrency trades at around $17,000, down less than a percentage on a daily scale.
Its market capitalization has remained above $325 billion, while its dominance over the altcoins has increased slightly to just over 38%.
BTCUSD. Source: TradingView
ETHW, TWT, LUNC Jump High
The altcoins also charted some
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