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Bitcoin’s price slumped below $66,000 on a few occasions yesterday but managed to recover the losses and now sits just inches above that level once again.
Most altcoins are in the red today, with $SOL, $DOGE, and $DOT losing the most value from the larger caps.
$BTC Stalls at $66K
Ever since the weekend, when $BTC failed to overcome the $72,000 mark, the landscape around the primary cryptocurrency has been quite unfavorable. The asset began the current business week with a substantial price decline that drove it from the $70,000 level to under $66,500.
The situation worsened a day later when Bitcoin further dropped to a 10-day low of $64,400. The bulls finally intercepted the move at this point and pushed $BTC north. This culminated in a price surge to $67,000, where the asset was stopped, though.
Another $1,000 rejection followed, but now Bitcoin trades at a familiar ground of just over $66,000. This means that its market capitalization remains inches above $1.3 trillion, while its dominance stands still at 49.6% on CoinGecko.
$BCH Goes on the Offensive
Bitcoin Cash has been in the news lately, given its highly-anticipated halving, which was supposed to take place in early April. After a few delays, the second such event in $BCH’s history finally took place hours ago, cutting the rewards to 6.25 $BCH per block.
The hype around the halving pushed the asset’s price higher in the past week or so. Despite a massive retracement yesterday, $BCH is today’s top performer, with a 10% surge that has pushed it to over $670.
The other larger-cap alt in the green is BNB., which has gained 3.5%. The rest of the top 15 are in the red, with $SOL, $DOGE, $DOT, and ICP leading the pack.
The total crypto market cap has remained at almost the same level as yesterday – just over $2.6 trillion on CG.
thecryptobasic.com
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cointelegraph.com
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