After the positive weekend, bitcoin was rejected at $ 60,000 and fell a few thousand dollars to $ 57,000. Most altcoins are trading in the red as well, with the exception of CRO and Elrond, both of which registered new all-time highs.
Bitcoin rejected at $ 60,000
After several consecutive days of depreciation, during which bitcoin fell 20% of its peak to a monthly low of less than $ 56,000, the asset finally began to recover over the weekend.
It climbed about $ 3,000 on Saturday and even came close to $ 60,000 on Sunday. However, he failed to break it, and the rejection that followed pushed him south.
In just a few hours, BTC dropped a few thousand dollars and even fell below $ 57,000. So far, it has rebounded pretty well and currently sits close to $ 58,000.
Nonetheless, Bitcoin’s market cap has fallen well below $ 1.1 trillion, and its dominance over alts remains at just over 42%.
CRO and EGLD Seeing new heights
Most alts have mimicked BTC’s performance over the past few days, which means they are slightly in the red today. Ethereum rose above $ 4,350 yesterday, but a 3% drop brought it down to around $ 4,200.
Binance Coin (-1.7%) fell to $ 575, Cardano (-3.5%) to $ 1.8 and more losses come from Ripple, Polkadot, Dogecoin, Shiba Inu and Terra.
Solana (3%) and Avalanche (1%) are the only two pieces in the top 10 in the green. AVAX continues with its impressive performance by exploiting frequent ATHs.
Speaking of records, Crypto.com’s native token also plotted a new one above $ 0.7 after a whopping 11%. Elrond (EGLD) climbed 23% and also hit a new high.
More price increases are evident for Voyager Token (13%), Flow (12%), IOTA (12%), Curve DAO Token (11%), Secret (10%), Oasis Network (10%) and Stacks (10%).
In contrast, GALA (-20%), Arweave (-13%), Kadena (-12%), Nexo (-10%), Immutable X (-8%), KuCoin Token (-8%) and Tezos (- 7%) lost the most in a day.
The cryptocurrency’s market cap has fallen by around $ 100 billion in one day since yesterday’s peak and is currently $ 2.7 trillion on CoinGecko.
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