Bitcoin went on a short-lived roller-coaster yesterday but has reclaimed $30,000 after dumping to a 10-day low.
Yet, its dominance over the altcoins has declined a lot on a daily scale, as some, such as LTC, LDO, VET, and BSV, have shot up.
BTC’s Dump and Pump
After last week’s massive price surge, which drove bitcoin from $26,500 to over $31,000 at one point, the cryptocurrency had calmed and remained in a tighter range between $30,000 and $31,000.
It tried to overcome the latter yesterday when the bulls drove it to a daily high of $31,250. Despite failing there, it initially lost only $200 and remained above $31,000 for a few hours.
However, it all changed after a WSJ report emerged claiming that the SEC deemed the recent BTC Spot ETF filings, from the likes of BlackRock and Fidelity, as “inadequate.”
Bitcoin reacted with an immediate price drop that drove it south by $1,500 to a 10-day low of $29,500. However, the bulls stepped up once again and recovered almost all losses,
We współpracy z: https://cryptopotato.com/litecoin-ltc-soars-to-14-month-high-above-100-bitcoin-btc-reclaims-30k-weekend-watch/
