Bitcoin Price struggles to remain above $37K while the total Market Cap re-enters $1 Trillion
Bitcoin is trying to find again the way to the price of $40,000 while the total Crypto Market Cap reclaims $1 Trillion
Last week we saw a different behavior for the whole Cryptocurrency industry with BTC having many ups and downs being unable to reclaim $40K price tag while many Altcoins have marked some massive gains.
The world’s largest Cryptocurrency was fairly trading above $38,000 before the weekend and everybody was convinced that the asset is going to reclaim the lost ground and re-enter $40K zone. However Bears, were not that excited with the current results and took the control of the situation by dropping the price at $34,500. Bulls immediately reacted and led the price back at $38,000 before Bears give another shot this time at $34,000.
Nevertheless, the primary cryptocurrency managed to retrace some of the losses and jumped back at $36,000 where it was trading for more than 24 hours considering this as the first positive step on the road to $40,000.
The start of the week was good enough as BTC breached above the psychological $36K and topped at $37,455 on Tuesday morning. However, the King of Cryptos could not manage to remain above $37K and plunged at $36,800 where it currently trades (at the time of writing these lines).
Altcoins do it better
Monday could not start better for the Alternative coins as most of them have already marked some serious gains. Chainlink skyrocketed over 19% in the past 24 hours marking its highest ever price of $23.60.
Of course, we should not forget to mention that Polkadot and Cardano are on non-stop rising for the past 2 weeks marking some massive gains with first one currently sits at the 4th place and the second one at the 6th place of the Top 10 Cryptocurrencies Ranking list.
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