Bitcoin Battles $51K Resistance Amidst Altcoin Declines

Bitcoin Battles $51K Resistance Amidst Altcoin Declines
By AZC News | 10 hours ago

Bitcoin attempted to breach the $52,000 level yesterday but faced strong resistance, ultimately yielding to downward pressure.Bitcoin Battles $51K Resistance Amidst Altcoin Declines
Bitcoin made a recent unsuccessful bid to breach the $52,000 threshold, encountering strong resistance that resulted in a significant downturn. Concurrently, various altcoins, notably LINK, UNI, and ICP, have experienced more pronounced retracements during this period.

BTC Stumbles at $52K
In the preceding weeks, Bitcoin displayed impressive performance, surging by over ten thousand dollars and establishing a new multi-year pinnacle at $53,000. However, the recent week has been relatively subdued, with the cryptocurrency predominantly confined to a narrower trading range.

Excluding a brief spike to $53,000 a few days ago, Bitcoin has largely oscillated between $51,000 and $52,000. Despite the latest endeavor to surpass the latter figure, bears promptly thwarted the move, resulting in a substantial southward push. This increased volatility contributed to a cumulative liquidation figure of $125 million in the past day.

Bitcoin 1D chart from TradingView
Bitcoin 1D chart from TradingView
Presently, Bitcoin grapples to sustain levels above $51,000, witnessing a decline in market capitalization to $1 trillion. Furthermore, its dominance over altcoins has dwindled by 1% over the past week, settling at 49% on CG.

Related: Matrixport Predicts Bitcoin Could Hit $63,000 by March 2024

Altcoins Painted in Red
While most altcoins exhibited impressive gains in the preceding day, the current scenario is markedly different. Ethereum, for example, reached a peak of $3,000, but a subsequent 2.5% dip has led to its current valuation of $2,930.

Several other prominent altcoins, including Ripple, Cardano, Dogecoin, Binance Coin, Polkadot, and Toncoin, have experienced analogous percentage declines.

Cryptocurrency Market Overview.
Cryptocurrency Market Overview.
Solana teeters on the brink of dipping below $100 following a 4% daily downturn. Chainlink, Uniswap, and IC have each witnessed approximately a 5% reduction, settling at $18, $7.1, and $12, respectively.

Filecoin stands out as one of the exceptions, surging by over 6% in the past 24 hours. The aggregate crypto market cap has suffered an overnight setback of over $30 billion, plummeting to $2.040 trillion on CG.

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Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own resBitcoin Battles $51K Resistance Amidst Altcoin Declines
By AZC News | 10 hours ago

Bitcoin attempted to breach the $52,000 level yesterday but faced strong resistance, ultimately yielding to downward pressure.Bitcoin Battles $51K Resistance Amidst Altcoin Declines
Bitcoin made a recent unsuccessful bid to breach the $52,000 threshold, encountering strong resistance that resulted in a significant downturn. Concurrently, various altcoins, notably LINK, UNI, and ICP, have experienced more pronounced retracements during this period.

BTC Stumbles at $52K
In the preceding weeks, Bitcoin displayed impressive performance, surging by over ten thousand dollars and establishing a new multi-year pinnacle at $53,000. However, the recent week has been relatively subdued, with the cryptocurrency predominantly confined to a narrower trading range.
Excluding a brief spike to $53,000 a few days ago, Bitcoin has largely oscillated between $51,000 and $52,000. Despite the latest endeavor to surpass the latter figure, bears promptly thwarted the move, resulting in a substantial southward push. This increased volatility contributed to a cumulative liquidation figure of $125 million in the past day.

Bitcoin 1D chart from TradingView
Bitcoin 1D chart from TradingView
Presently, Bitcoin grapples to sustain levels above $51,000, witnessing a decline in market capitalization to $1 trillion. Furthermore, its dominance over altcoins has dwindled by 1% over the past week, settling at 49% on CG.

Related: Matrixport Predicts Bitcoin Could Hit $63,000 by March 2024

Altcoins Painted in Red
While most altcoins exhibited impressive gains in the preceding day, the current scenario is markedly different. Ethereum, for example, reached a peak of $3,000, but a subsequent 2.5% dip has led to its current valuation of $2,930.

Several other prominent altcoins, including Ripple, Cardano, Dogecoin, Binance Coin, Polkadot, and Toncoin, have experienced analogous percentage declines.

Cryptocurrency Market Overview.
Cryptocurrency Market Overview.
Solana teeters on the brink of dipping below $100 following a 4% daily downturn. Chainlink, Uniswap, and IC have each witnessed approximately a 5% reduction, settling at $18, $7.1, and $12, respectively.

Filecoin stands out as one of the exceptions, surging by over 6% in the past 24 hours. The aggregate crypto market cap has suffered an overnight setback of over $30 billion, plummeting to $2.040 trillion on CG.

Love
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own resBitcoin Battles $51K Resistance Amidst Altcoin Declines
By AZC News | 10 hours ago

Bitcoin attempted to breach the $52,000 level yesterday but faced strong resistance, ultimately yielding to downward pressure.Bitcoin Battles $51K Resistance Amidst Altcoin Declines
Bitcoin made a recent unsuccessful bid to breach the $52,000 threshold, encountering strong resistance that resulted in a significant downturn. Concurrently, various altcoins, notably LINK, UNI, and ICP, have experienced more pronounced retracements during this period.

BTC Stumbles at $52K
In the preceding weeks, Bitcoin displayed impressive performance, surging by over ten thousand dollars and establishing a new multi-year pinnacle at $53,000. However, the recent week has been relatively subdued, with the cryptocurrency predominantly confined to a narrower trading range.

Excluding a brief spike to $53,000 a few days ago, Bitcoin has largely oscillated between $51,000 and $52,000. Despite the latest endeavor to surpass the latter figure, bears promptly thwarted the move, resulting in a substantial southward push. This increased volatility contributed to a cumulative liquidation figure of $125 million in the past day.

Bitcoin 1D chart from TradingView
Bitcoin 1D chart from TradingView
Presently, Bitcoin grapples to sustain levels above $51,000, witnessing a decline in market capitalization to $1 trillion. Furthermore, its dominance over altcoins has dwindled by 1% over the past week, settling at 49% on CG.

Related: Matrixport Predicts Bitcoin Could Hit $63,000 by March 2024

Altcoins Painted in Red
While most altcoins exhibited impressive gains in the preceding day, the current scenario is markedly different. Ethereum, for example, reached a peak of $3,000, but a subsequent 2.5% dip has led to its current valuation of $2,930.

Several other prominent altcoins, including Ripple, Cardano, Dogecoin, Binance Coin, Polkadot, and Toncoin, have experienced analogous percentage declines.

Cryptocurrency Market Overview.
Cryptocurrency Market Overview.
Solana teeters on the brink of dipping below $100 following a 4% daily downturn. Chainlink, Uniswap, and IC have each witnessed approximately a 5% reduction, settling at $18, $7.1, and $12, respectively.

Filecoin stands out as one of the exceptions, surging by over 6% in the past 24 hours. The aggregate crypto market cap has suffered an overnight setback of over $30 billion, plummeting to $2.040 trillion on CG.

Love
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own resBitcoin Battles $51K Resistance Amidst Altcoin Declines
By AZC News | 10 hours ago

Bitcoin attempted to breach the $52,000 level yesterday but faced strong resistance, ultimately yielding to downward pressure.Bitcoin Battles $51K Resistance Amidst Altcoin Declines
Bitcoin made a recent unsuccessful bid to breach the $52,000 threshold, encountering strong resistance that resulted in a significant downturn. Concurrently, various altcoins, notably LINK, UNI, and ICP, have experienced more pronounced retracements during this period.

BTC Stumbles at $52K
In the preceding weeks, Bitcoin displayed impressive performance, surging by over ten thousand dollars and establishing a new multi-year pinnacle at $53,000. However, the recent week has been relatively subdued, with the cryptocurrency predominantly confined to a narrower trading range.

Excluding a brief spike to $53,000 a few days ago, Bitcoin has largely oscillated between $51,000 and $52,000. Despite the latest endeavor to surpass the latter figure, bears promptly thwarted the move, resulting in a substantial southward push. This increased volatility contributed to a cumulative liquidation figure of $125 million in the past day.

Bitcoin 1D chart from TradingView
Bitcoin 1D chart from TradingView
Presently, Bitcoin grapples to sustain levels above $51,000, witnessing a decline in market capitalization to $1 trillion. Furthermore, its dominance over altcoins has dwindled by 1% over the past week, settling at 49% on CG.

Related: Matrixport Predicts Bitcoin Could Hit $63,000 by March 2024

Altcoins Painted in Red
While most altcoins exhibited impressive gains in the preceding day, the current scenario is markedly different. Ethereum, for example, reached a peak of $3,000, but a subsequent 2.5% dip has led to its current valuation of $2,930.

Several other prominent altcoins, including Ripple, Cardano, Dogecoin, Binance Coin, Polkadot, and Toncoin, have experienced analogous percentage declines.

Cryptocurrency Market Overview.
Cryptocurrency Market Overview.
Solana teeters on the brink of dipping below $100 following a 4% daily downturn. Chainlink, Uniswap, and IC have each witnessed approximately a 5% reduction, settling at $18, $7.1, and $12, respectively.

Filecoin stands out as one of the exceptions, surging by over 6% in the past 24 hours. The aggregate crypto market cap has suffered an overnight setback of over $30 billion, plummeting to $2.040 trillion on CG.

Love
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own resBitcoin Battles $51K Resistance Amidst Altcoin Declines
By AZC News | 10 hours ago

Bitcoin attempted to breach the $52,000 level yesterday but faced strong resistance, ultimately yielding to downward pressure.Bitcoin Battles $51K Resistance Amidst Altcoin Declines
Bitcoin made a recent unsuccessful bid to breach the $52,000 threshold, encountering strong resistance that resulted in a significant downturn. Concurrently, various altcoins, notably LINK, UNI, and ICP, have experienced more pronounced retracements during this period.

BTC Stumbles at $52K
In the preceding weeks, Bitcoin displayed impressive performance, surging by over ten thousand dollars and establishing a new multi-year pinnacle at $53,000. However, the recent week has been relatively subdued, with the cryptocurrency predominantly confined to a narrower trading range.

Excluding a brief spike to $53,000 a few days ago, Bitcoin has largely oscillated between $51,000 and $52,000. Despite the latest endeavor to surpass the latter figure, bears promptly thwarted the move, resulting in a substantial southward push. This increased volatility contributed to a cumulative liquidation figure of $125 million in the past day.

Bitcoin 1D chart from TradingView
Bitcoin 1D chart from TradingView
Presently, Bitcoin grapples to sustain levels above $51,000, witnessing a decline in market capitalization to $1 trillion. Furthermore, its dominance over altcoins has dwindled by 1% over the past week, settling at 49% on CG.

Related: Matrixport Predicts Bitcoin Could Hit $63,000 by March 2024

Altcoins Painted in Red
While most altcoins exhibited impressive gains in the preceding day, the current scenario is markedly different. Ethereum, for example, reached a peak of $3,000, but a subsequent 2.5% dip has led to its current valuation of $2,930.

Several other prominent altcoins, including Ripple, Cardano, Dogecoin, Binance Coin, Polkadot, and Toncoin, have experienced analogous percentage declines.

Cryptocurrency Market Overview.
Cryptocurrency Market Overview.
Solana teeters on the brink of dipping below $100 following a 4% daily downturn. Chainlink, Uniswap, and IC have each witnessed approximately a 5% reduction, settling at $18, $7.1, and $12, respectively.

Filecoin stands out as one of the exceptions, surging by over 6% in the past 24 hours. The aggregate crypto market cap has suffered an overnight setback of over $30 billion, plummeting to $2.040 trillion on CG.

Love
Disclaimer. This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.earch when making a decision.earch when making a decision.earch when making a decision.earch when making a decision.