After a few days of sideways trading, Bitcoin’s price took a dip on Friday, hitting a weekly low of around $66,600 before recovering by approximately $1,000. Meanwhile, Ethereum is closing in on the $3,800 mark, gaining about 1% in value.
Key Takeaways
- Bitcoin hit a weekly low of $66,600 before recovering to around $67,500-$68,000.
- Ethereum is up by 1%, nearing the $3,800 mark.
- The total crypto market cap has decreased by $20 billion, now standing at $2.660 trillion.
- Altcoins like BNB, SOL, XRP, ADA, and DOT show insignificant gains, while LINK and PEPE increased by 3-4%.
- SHIB and UNI have slumped by 3% and 6%, respectively.
Bitcoin’s Volatile Week
The start of the business week saw Bitcoin under the control of the bulls, driving its price from under $69,000 to a weekly high of over $70,500. However, hopes of challenging the all-time high of $73,800 were dashed as Bitcoin slumped by more than $3,000 by Tuesday.
Volatility continued throughout the week, with Bitcoin fluctuating between $67,000 and $69,000. A brief attempt to break past $69,000 on Thursday was met with rejection, causing the price to plummet to $66,600 on Friday, marking its lowest point in a week.
The bulls reemerged at this low, pushing Bitcoin back up by roughly $1,000. As of now, Bitcoin is trading between $67,500 and $68,000. Its market capitalization has slipped to $1.330 trillion, maintaining a 50% dominance over altcoins.
Ethereum Eyes $3.8K
Ethereum has shown a modest gain of about 1% on a daily scale, bringing its price close to $3,800. This movement is relatively subdued compared to the volatile ride Ethereum experienced last week amid ETF news.
Altcoin Performance
- BNB, SOL, XRP, ADA, and DOT: Insignificant gains.
- LINK and PEPE: Increased by around 3-4% in a day.
- SHIB: Slumped by almost 3%.
- UNI: Slumped by 6%, nearing a break below $10.
Market Overview
The total cryptocurrency market cap has seen a reduction of about $20 billion in a day, now standing at $2.660 trillion.
Special Offers
- Binance: Register a new account using a special link to receive a $600 exclusive welcome offer.
- BYDFi Exchange: Up to $2,888 welcome reward for new registrations.
Disclaimer: The information provided does not represent the opinions of the sources and should not be considered as financial advice. Conduct your own research before making any investment decisions.