They failed at first, and bitcoin slipped to $81,000. A sudden uptick on Tuesday drove it to just over that line before the bulls took it a step further on Wednesday, driving $BTC to a two-week peak of almost $85,000.
However, this was a short-lived rally, and the rejection was quite rapid and painful. At first, $BTC tanked to under $83,000, but the bears took complete control of the market on Friday and Saturday morning, at least for now, driving bitcoin to $80,400 for the first time in about ten days.
Although $BTC remains above $80,000 as of now, it’s still 1% down for the day again. Its market cap has pulled back to $1.620 trillion, but its dominance over the alts stands tall at 60% on CMC.
Alts in the Red Again
$ETH is down by a similar percentage to $BTC and sits well below $2,400. Ripple’s native token has dived by over 2%, and it’s now below $1.30. Recall that the asset neared $1.40 on Wednesday before the market-wide pullback. SOL is close to breaking below $100, while ZEC has tanked below $1,200.
Further losses are evident from XMR, XLM, LINK, RAIN, LTC, and $NEAR. $WLD is the only double-digit loser, while M has defied the broader market’s move with a 10% surge.
The total crypto market cap is down by over 1% daily to $2.7 trillion on CMC.
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