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Bitcoin’s price went through a sudden uptick toward a new weekly peak but was stopped and pushed south to a familiar ground of around $105,500.
The altcoins are slightly in the green on a daily scale, led by $UNI and $ICP. $XRP has also charted a small increase of around 3%.
$BTC Back at $105.5K
Bitcoin was stopped at $110,000 on a couple of occasions last week, and the last such rejection drove the asset south hard. At the end of the business week, $BTC started to lose value rapidly, and the culmination came on Saturday when it dumped to a 12-day low of $103,100.
However, the bulls finally reemerged and prevented any further price declines. The cryptocurrency started to recover some ground and jumped to $106,000 on Monday. It was stopped there, but this pump-and-dump scenario repeated a few more times, including yesterday.
$BTC stood at around $105,000 when it shot up to almost $107,000. However, it was rejected once again and has been pushed down to its current level of around $105,400.
Its market capitalization remains still at approximately $2.1 trillion on CG, while its dominance over the alts has taken another minor hit and is below 61% now.
$UNI Gains Traction
Most larger-cap alts have turned green on a daily scale. Ethereum, which reclaimed the $2,600 level yesterday, stands firmly above it now as well after a small increase of around 1.5%. $XRP has shown some signs of revival as it jumped by nearly 3% and trades at $2.25.
BNB, ADA, DOGE, TRX, HYPE, LINK, and AVAX are also slightly in the green, while SOL and SUI have dropped by around 1-2%.
Uniswap’s native token and $ICP have gained the most from the larger-cap alts, while SPX is the top performer from the largest 100 alts.
The total crypto market cap has added $15 billion since yesterday and is up to $3.445 trillion on CG.
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cointelegraph.com
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