SOL, DOGE, AVAX, and LINK are experiencing significant drops among the higher market cap altcoins.<\/p>\n\n\n\n
Bitcoin, after a period of lateral movement and depreciation, mounted an assault yesterday evening, breaching the $69,000 mark before facing significant resistance.<\/p>\n\n\n\n
Within the last 24 hours, the altcoin market has been mostly bearish, with the exception of TON, XRP, and BCH, which have all seen slight increases.<\/p>\n\n\n\n
Bitcoin Faces Resistance at $69K<\/p>\n\n\n\n
The week began unfavorably for Bitcoin, with its value dropping from above $70,000 to below $66,000 on Monday, setting off a bearish trend.<\/p>\n\n\n\n
The downward momentum continued through Tuesday and Wednesday, bringing the leading cryptocurrency to a ten-day low near $64,500. It was at this juncture that the bulls stepped in, initiating a recovery that witnessed Bitcoin regaining some territory by Thursday morning.<\/p>\n\n\n\n
Later in the day, Bitcoin aggressively rallied, climbing several thousand dollars and momentarily surpassing $69,000, spurred by increased ETF inflows. However, this uptrend was short-lived.<\/p>\n\n\n\n
Facing rejection, Bitcoin\u2019s value fell by approximately $3,000. Currently, it has made a slight recovery, positioned above $67,000. Bitcoin\u2019s market cap has grown by about $20 billion to $1.325 trillion, with its market dominance rising to 50.3% as per CoinGecko.<\/p>\n\n\n\n
WIF Experiences Significant Drop<\/p>\n\n\n\n
On the daily chart, most major altcoins are seeing red. Solana has taken a significant hit, declining by 6% to $173. DOGE, AVAX, and LINK are also experiencing downturns, with decreases in the range of 3-4%.<\/p>\n\n\n\n
Other cryptocurrencies such as ETH, BNB, ADA, and DOT have registered minor losses. Contrarily, BCH, TON, and XRP have posted gains of approximately 1-2%. MNT and ETC stand out among the top 36 crypto assets for their positive performance.<\/p>\n\n\n\n
In a notable decline, WIF has plummeted by 15% within a day, bringing its value down to $3.3.<\/p>\n\n\n\n
Despite these individual asset fluctuations, the total market capitalization of cryptocurrencies has seen a rise of around $10 billion, reaching $1.635 trillion according to CoinGecko.<\/p>","protected":false},"excerpt":{"rendered":"
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