Bitcoin After the massive volatility experienced at the start of the previous business week, the primary cryptocurrency calmed in the following days and stood mostly in a range between $95,000 and $97,000. Each breakout attempt, such as the surge to $99,000 on Friday, was met with an immediate rejection, and the asset spent the weekend around the upper boundary of the range. Monday began with a price dip that drove it south to the lower boundary, but the bulls managed to defend that level. After another 24 hours of trading there, the bears took control on Tuesday evening and pushed BTC to a two-week low of under $93,500. However, the bulls stepped up at this point and didn't allow a further breakdown. Just the opposite, bitcoin started to regain traction and jumped past $96,000 yesterday and up to $97,000 earlier today.
This means that its market cap has neared $1.930 trillion on CG. Its dominance over the alts has also climbed to 58%. |