Home Crypto News Bitcoin Dipped Under $19K: Crypto Eyes One other Crimson Week (Market Watch)

Bitcoin Dipped Under $19K: Crypto Eyes One other Crimson Week (Market Watch)

by Cryptoroz


Bitcoin’s weekend continues to be calmer than the earlier a number of days because the asset sits nonetheless round $19,000. The altcoins are in the same place, with little-to-no vital actions from the larger-cap ones.

Bitcoin Stays Nonetheless at $19K

Final week didn’t finish all that effectively for the first cryptocurrency, which had really spiked to just about $22,000 at one level. Nonetheless, because it has occurred quite a few instances previously a number of weeks, it didn’t proceed upwards and reversed its trajectory quite shortly.

Thus, BTC discovered itself dropping to $21,000 a day later and to $20,000 shortly after. As June was coming to an finish, marking certainly one of bitcoin’s worst quarters in its historical past, the asset additional plummeted to a brand new 10-day low of round $18,600 (on Bitstamp).

Then got here a shocking pump larger, and BTC jumped to $21,000 however returned under $20,000 minutes later. Since then, the cryptocurrency has remained quite nonetheless at round $19,000, the place it’s at the moment positioned as effectively.

Consequently, its market capitalization has stalled at $365 billion, however its dominance over the altcoins is right down to 42.2%.

BTCUSD. Supply: TradingView

Altcoins Stagnent, Too

The altcoins additionally went down in the course of the week, however most have calmed because the begin of the weekend.

Ethereum got here near breaking under $1,000 however managed to retain that stage. As of now, ETH trades at round $1,050. BNB is near $220 after a minor each day improve.

Cardano and Solana are additionally barely within the inexperienced on a 24-hour scale, whereas Ripple, Dogecoin, Shiba Inu, and LEO are simply within the purple. TRON has misplaced probably the most from the larger-cap alts with a 3% decline.

Theta Gasoline is among the many few spectacular gainers with an 11% each day improve to above $0.05.

Considerably expectedly, the crypto market cap has additionally remained quite stagnant at simply over $850 billion.

Cryptocurrency Market Overview. Source: Quantify Crypto
Cryptocurrency Market Overview. Supply: Quantify Crypto
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Cryptocurrency charts by TradingView.

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