Bitcoin Slips Below $17K as Altcoins Swimming in Red (Market Watch)

Bitcoin slips below $17K after flirting with that level for a few days, while altcoins are mainly in the red today.

The price of Bitcoin has been unable to make any meaningful advances over the $17K mark despite teasing it for a few days and briefly rising above it. ) was retracing from Monday’s three-week high as prices consolidated today. Over the last 24 hours, Bitcoin has been unable to generate a substantial breakout; as a result, it is currently consolidating at the desired $17K mark. Thank you for subscribing; your first report will arrive within the next few hours. BTCUSD.

The bears finally appear to have gained control and have driven the cryptocurrency below it.

This occurs as cryptocurrencies are primarily trading in the red and the overall market capitalization has lost almost $20 billion over the last 24 hours.

00 to begin the week, the dollar index (USD) dropped to an intraday low of $16,922. Bitcoin Price Drops $17,000 the last 24 hours haven’t been very good for the bitcoin market as a whole. They caused the price to drop to an intraday low of $16,867 (on Binance), and as can be seen in the chart above, it is presently trading slightly higher. BTC’s price appears to have dropped below the $17,000 level and is presently trading at roughly $16,800. (On Binance). Following yesterday’s price increase, traders appear to have taken action to safeguard profits, which is why there has been a decrease. Source: Trading View through Binance At the moment, Bitcoin is down around 1. Aside from the larger-cap alts, Ripple, Dogecoin, Cardano, Polygon, Polka dot, and OKB have all shown negligible growth.

3% for the day, but still up 2.

The index is tracking at 48 as of this writing. As seen in the heat map below, the majority of them chart drops between 2% and 6%. 2% on a weekly basis. The BTC dominance, a gauge that monitors its share in relation to the market as a whole, has also been rising upwards over the last several days. Present demonstrates that BTC is somewhat more prevalent than altcoins at this time. The Red-Swimming Altcoins According to the heat map below, the leading cryptocurrencies haven’t been an exception to the red-covered altcoin market during the previous 24 hours. Ethereum. AXS trades far above $8 as a result.

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Bitcoin’s Losing Price $17K

Bitcoin’s Losing Price $17K

The last 24 hours haven’t been very good for the bitcoin market as a whole. BTC’s price appears to have dropped below the $17,000 level and is presently trading at roughly $16,800. (On Binance).

Although it is now down 1.3% on the day, Bitcoin is still up 2.2% on a weekly basis. The BTC dominance, a statistic that monitors its share in relation to the market as a whole, has also been increasing over the last several days. Present demonstrates that BTC is somewhat more prevalent than altcoins at this time.

Altcoins Swimming in Red

According to the heat map below, the leading cryptocurrencies haven’t been an exception to the red-covered altcoin market during the previous 24 hours.

However, despite the present dip, several cryptocurrencies are doing quite well. For instance, among the top 100 cryptocurrencies during the previous day, Radix (XRD) has performed the best, rising a staggering 25%. Frax Shares (FXS), which is up 7.5%, comes after XRD.

The poorest performance on that list is Tokenize Exchange’s TKX, which is down 8.2%, while APT, the currency that powers the Aptos ecosystem, is down 8.9%.

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