A familiar scenario occurred in the crypto market in the past 24 hours as bitcoin was rejected at $30,000 once again. The altcoins have followed suit with daily declines. Ethereum slid below $2,000, while Cardano, Solana, and Avalanche are deeper in the red.
Bitcoin Stopped at $30K
After last week’s sideways trading, in which BTC remained stuck around the $30,000 mark, the cryptocurrency calmed during the weekend and stood just under that line.
The bulls came out to play on late Sunday evening and pushed the asset north. As a result, bitcoin spiked above that level and kept climbing to a multi-day high of $30,600 (on Bitstamp).
However, as it has happened numerous times in the past two weeks, BTC ultimately failed at that point and reversed its trajectory. In a matter of hours, bitcoin slumped by almost $2,000 and found itself trading at $29,000 once again.
As of now, it has reclaimed some ground, but it’s still more than 3% down on the day. Consequently, its market cap has decline
We współpracy z: https://cryptopotato.com/bitcoin-rejected-at-30k-again-avalanche-slumps-9-market-watch/
