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Bitcoin’s price was stopped ahead of $63,000 but has managed to defend the $60,000 level after an immediate retracement.
The altcoins are quite sluggish on a daily scale, with XRP, ETH, and SOL in the red, while TON has risen by more than 4%.Last weekend was quite painful for the primary cryptocurrency. It continued the massive correction that started on Friday and slumped from $66,000 to just under $60,000 by Sunday morning. The landscape worsened later on Sunday with a drop to $57,000. However, theon Monday with another leg down to just under $50,000, which became its lowest price level in about six months.
The bulls finally stepped up at this point and didn’t allow any further declines. BTC started to regain traction and jumped to $53,000 on Tuesday and $57,000 by Thursday. Another leg upNevertheless, bitcoin failed to continue its run and has lost some momentum since then. In fact, it slipped toward $60,000 but has managed to defend that level and trades about $700 above it now.This is all you need not to miss any price action in the raging crypto markets.
DOGE, AVAX, SHIB, and ADA are also slightly in the red. In contrast, TON is up by more than 4% and trades above $6.7. CRO is the biggest gainer from the mid-cap alts, having surged by over 9%. The total crypto market cap has retraced slightly in the past day and is now at $2.217 trillion on CG.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
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