Bitcoin dipped to $16,000 yesterday for the first time in about a week but bounced off and recovered a few hundred dollars.
Some altcoins have outperformed BTC, though, including Dogecoin, Litecoin, and Fantom.
Bitcoin Touched $16K
Last week saw a violent price drop from bitcoin that drove it from $16,500 to a two-year low of $15,500 in a few days. The bulls intercepted this decline and pushed BTC north. The asset jumped above $16,000, and even tried to challenge $17,000 by the end of the working week but to no avail.
The weekend came with a familiar lack of volatility. Similar to the previous one, bitcoin calmed and stood around $16,500 for almost all of it.
The situation changed on Monday when the cryptocurrency dipped toward $16,000 and eventually touched that round-numbered line as reports claimed that minors are close to capitulating.
BTC reacted well at this point, though, and bounced off to its current level of approximately $16,500. This came amid on-chain analysis suggesting t
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