Bitcoin (BTC) still hasn’t reclaimed $40,000 and is struggling around $38,000. Most altcoins are unusually quiet today.
According to the article in CryptoPotato, after falling $6000 during the day, BTC once again tried to exceed $ 40,000, but was unsuccessful in this effort. With the exception of Monero, which marked a massive price increase, most altcoins have remained calm or tumbled slightly since yesterday.
It would be fair to say that the last few days have not been going well for the leading cryptocurrency. The asset recovered all its losses after Russia’s invasion of Ukraine and even reached new monthly highs. This resulted in $45,000 being touched a few times, but the bears picked up pace after the second and pushed BTC down. In the days that followed, Bitcoin gradually lost some value before dropping as low as $3,000 late Friday.
As a result, the cryptocurrency fell below $39,000 for the first time in five days. It initially bounced off and approached the $40,000 mark hours later, but was stopped there. BTC is struggling around $38,000 and its market cap is well below $750 billion. The leading cryptocurrency was trading at $38,400 at the time of writing.
What’s the Situation with Altcoins?
After the last roller coaster, most cryptocurrencies are now calming down. Ethereum slumped as low as $2200 before returning to where it is now at $2,600.
Binance Coin, Ripple, Polkadot, Solana, Cardano, Polygon, Dogecoin and Shiba Inu have lost some traction since yesterday. Terra, Avalanche, and Cosmos also fell. In the top 100 cryptocurrencies, the ones that lost the most value in the last 24 hours are as follows:
- Anchor Protocol (ANC): 10%
- Phantom (FTM): 6%
- Cosmos (ATOM): 5%
- Harmony (ONE): 4.6%
Monero has seen impressive price increases as XMR is up 6% and is above $160 It is among the few assets that have it.
Mirror Protocol (MIR), one of the popular altcoins, has increased by 76% in the last 24 hours.
33757
