Most of the cryptocurrencies were trading in the red yesterday, but a lot of them staged slight recoveries and bounced off a bit.
The moves come on the back of news that Binance US will be buying out the assets of Voyager. Elsewhere, SBF has agreed to be extradited to the US.
Bitcoin Takes Aim at $17K
Yesterday, the BTC price sunk to its lowest point in December – at around $16,438 on Binance. The cryptocurrency has since recovered, and it trades at about $16,800 at the time of this writing.
Source: Binance via TradingView
That said, Bitcoin is up 0.3% in the past 24 hours but remains down some 2 percent in the past week. Its dominance continues increasing, highlighting the inability of altcoins to take advantage of its indecisiveness.
Speaking of altcoins, the picture is quite mixed.
Altcoins Giving Mixed Signals
Altcoins failed to take advantage of the fact that Bitcoin has been struggling lately, which resulted in an increased BTC dominance. This is also perfectly represented in t
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