After being rejected at $21,000, bitcoin slumped to $20,000 but has managed to defend that level.
Most altcoins are deep in the red, with massive daily losses evident from Dogecoin, Shiba Inu, and Avalanche.
Bitcoin Stalls at $20K
After the positive last week, which resulted in bitcoin surging from under $19,000 to a multi-month high of over $21,000 during the weekend, the asset has remained relatively calm.
The bulls failed to push it further north days ago, and the subsequent rejection drove BTC south to around $20,500. The past few days have seen the asset getting quieter and remaining within a tight range between $20,000 and $21,000.
On-chain analysis suggested that the current bear market resembles the previous one to a large extent, but there’s one small but vital difference. Additional data informed that the cryptocurrency could be heading for a more violent rejection if it fails to overcome $21,000 decisively.
Its market cap is still below $400 billion with the current price
We współpracy z: https://cryptopotato.com/litecoin-soars-10-bitcoin-sustains-20k-market-watch/
