NEAR, FIL, ICP Rocket by Double Digits, BTC Rejected at $84K Again: Market Watch
ZRO, ALGO, and VVV have posted notable gains as well over the past day.
Bitcoin is still trying to recover from the crash at the end of the previous business week, and the latest leg up was halted at $84,000.
Most altcoins are in the green, though, with ETH surging past $2,550, while XRP has rebounded to over $1.40. ZEC is up by 7%, while HYPE eyes $90 again.
BTC Eyes $84K
The primary cryptocurrency tried to take down the coveted $87,000 at the beginning of the previous business week, but it was halted in its tracks and quickly retreated to just under $85,000. It bounced off toward its initial target, but this time it posted a lower high, getting rejected at $86,600. The bears stepped up at this point, and the subsequent leg down was a lot more violent.
The $85,000 support couldn’t hold BTC, and the asset slumped to $83,500. After another unsuccessful recovery attempt, it nosedived once again; this time, the cryptocurrency slumped to $80,400 for the first time in well over two weeks.
After losing nearly $7,000 in just a few days, bitcoin was due for a more profound rebound. It rose on Friday to $83,500, where it stalled again. It spent the weekend trading sideways around $83,000 before jumping to over $84,000 earlier today, despite escalating tension in the Middle East.
Sellers intervened once again, and the cryptocurrency now trades inches below that level. Its market cap has recovered slightly to $1.680 trillion on CMC, while its dominance over the alts is down to 59.35%.
Alts Back in Green
Despite the substantial net outflows from the spot Ethereum ETFs last week, the underlying asset’s price has risen by over 2% daily and sits above $2,550. Ripple’s native token has risen past the key $1.40 level, which it has been fighting for days. SOL, DOGE, LINK, HYPE, TRX, BNB, XMR, and ADA are also in the green.
ZEC has reclaimed the $1,300 level after a 6.3% increase. NEAR continues its spectacular rise, with another double-digit surge to $5.80. ICP, FIL, ZRO, ALGO, and VVV complete the double-digit price gainers club.
The cumulative market cap of all crypto assets has increased by 1% to $2.830 trillion on CMC.
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