Bitcoin went through a minor rollercoaster after its failure to overcome $44,000 yesterday and dumped by almost two grand in the following hours.
Most larger-cap alts are in the red today following yesterday’s gains, with ADA, LINK, BNB, MATIC, and BCH retracing the most.
BTC Settles Below $43K
The primary cryptocurrency had a quiet weekend in which it stood in a tight range between $43,000 and $44,000 after failing to remain above the latter despite its two brief pumps above it. However, the start of the business week was quite unfavorable as the asset fell to $42,500 on Tuesday before another sharp dive drove it all the way down to $41,600 a day later.
This is where the bulls finally came out of the woods and propelled an impressive leg up that resulted in gaining more than two grand within a day. This culminated in a price surge to just under $44,000. Nevertheless, BTC failed to overcome its nemesis, and the subsequent rejection pushed it south to $42,200 earlier today.
As of now,
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