TL; DR failed
- The price of Bitcoin once again reached $ 60,000.
- The BTC market value again exceeded $ 1 trillion.
- Most altcoins have been stagnant for the past 24 hours.
The number one digital currency, the price of Bitcoin, returned to the desired level of $ 60,000, but in the midst of heavy fluctuations in the market, it quickly fell below this radar.
After the bears pushed the currency back, the cows tried to regain the $ 60,000 resistance line, but to no avail at the time of printing. At the time of writing, Bitcoin is trading at $ 59,596.
Earlier in the week, Bitcoin fell to $ 55,567, raising doubts about the uptrend in the uptrend.
However, between the front and the back, the flagship digital currency is still on track to reach its biggest weekly drop since early September. It has dropped 8.25 percent since the beginning of the week.
Similarly, bitcoin has fallen 2% in the monthly chart, despite reaching its highest price of $ 69044 11 days ago.
Bitcoin price: up to 60,000 dollars
Over the past 24 hours, the price of bitcoin has continued to rise, reaching $ 60,000, although most altcoins have remained stagnant.
The bears pushed south after showing their last ATH price of $ 69,000 after losing value during the week, which fell below $ 56,000 on Friday.
After the crash, Bitcoin reacted well. It rose yesterday, adding about $ 3,000. After recovering $ 58,000, it continued to climb and a few hours ago approached $ 60,000.
Its market value once again exceeded $ 1.1 trillion, but its dominance over Altcoins fell slightly to just over 42%.
Fluctuations in the AltQueen market are high
With the Altcoins, most of them continued to fall during the week as they began their recovery phase on Saturday.
On a 24-hour scale, most instruments with larger caps have stopped. Binance Quinn, Solana, Cardano, Ripple, Polkadot and Dodge Quinn are slightly red, while Terra is up about 0.3%.
Shiba Inu has lost the most value (-6%) and now reaches $ 0.000046. In contrast, Avalanche and CryptoCom tokens were the most profitable.
AWACS is still the highest performance in the last few days and continues to record consecutive records in history. According to CoinGecko, the last item was priced at $ 138. In addition, AVAX is now a few inches ahead of Dogecoin, the tenth largest digital currency in terms of market value.