A familiar scenario occurred in the crypto market in the past 24 hours as bitcoin was rejected at $30,000 once again. The altcoins have followed suit with daily declines. Ethereum slid below $2,000, while Cardano, Solana, and Avalanche are deeper in the red.After last week’s sideways trading, in which BTC remained stuck around the $30,000 mark, the cryptocurrency calmed during the weekend and stood just under that line.
The bulls came out to play on late Sunday evening and pushed the asset north. As a result, bitcoin spiked above that level and keptHowever, as it has happened numerous times in the past two weeks, BTC ultimately failed at that point and reversed its trajectory. In a matter of hours, bitcoin slumped by almost $2,000 and found itself trading at $29,000 once again.
As of now, it has reclaimed some ground, but it’s still more than 3% down on the day. Consequently, its market cap has declined to $560 billion.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:
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