Bitcoin tapped a new multi-month high yesterday but was stopped shortly after and dropped below $21,000.
Nevertheless, its market dominance continues to increase as most altcoins have retraced even harder.
BTC Sees New Peak But Drops
The primary cryptocurrency has seen a strong start to the year, which was recognized by Bloomberg’s senior analyst. More precisely, the asset jumped from $16,500 to more than $21,500 in the span of a few weeks.
The latest price increase and local peak came yesterday at over $21,600. The last time BTC was this high was in September last year. However, the bears intercepted the move at this point and pushed it south.
As a result of the enhanced volatility, bitcoin slipped by more than $1,000 in hours and fell to a daily low of $20,400, even as the reserves on exchanges keep declining.
Nevertheless, BTC reacted somewhat positively to this drop and recovered a few hundred dollars. As such, it currently trades close to $21,000 once again, and its market capit
We współpracy z: https://cryptopotato.com/bitcoin-drops-1k-daily-outperforms-alts-amid-increased-volatility-market-watch/
