Bitcoin came about $1,000 away from painting a new all-time high record, but the subsequent rejection drove the asset down below $56,000. Nevertheless, minor retracements among the altcoins have enabled BTC to recover some of its recently lost market dominance.
Bitcoin Came Less than 2% Away from its Record
The past several days have been quite bullish for the primary cryptocurrency after it recovered from the latest dip to $47,000. However, as institutional interest only intensified, bitcoin’s price headed north.
This led to reconquering $50,000, but the bulls didn’t stop there and pushed the cryptocurrency to a new two-week high above $57,000. According to data from Bitstamp, BTC’s daily high yesterday was at around $57,400.
To put this amount into perspective, it was just $1,000 (or 1.75%) shy of reaching the all-time high record of $58,400 marked in mid-February. Although BTC failed to breach it and has retraced slightly and it currently trades around $44,600.
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