Bitcoin continues to display little-to-no movements and has remained stuck under $17,000.
Most altcoins are also quite stagnant on a daily scale, especially the larger caps. In contrast, Helium has soared by double-digits from the lower-cap alts.
Bitcoin Failed at $17K
After last week’s brief voyage to above $18,000, bitcoin reversed its trajectory and started to lose value somewhat rapidly. This resulted in a price drop to and below $17,000.
The most violent correction came earlier this week when the primary cryptocurrency fell to a three-week low of $16,300. However, the bulls reminded of their presence and pushed the asset north by a few hundred dollars.
Consequently, BTC tried to take down $17,000 in the early hours of December 21 but was stopped. The subsequent rejection drove the asset back down to under that level where it’s currently situated as well, following a non-volatile trading day.
As such, BTC’s market cap has remained around $325 billion, and its dominance over t
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