Bitcoin posted a 4 week high but then was declined at $ 49,000 according to the latest price analysis we have on today’s BTC price news.
Bitcoin failed at $ 49,000, but XTZ and AXS rebounded to new ATH records above $ 150 and $ 9, respectively. After hitting a one-month high of over $ 49,000, BTC fell over $ 1,000 and is currently struggling below $ 48,000. Most altcoins are stuck today, with the exception of Texas, Axie Infinity, and Algordand. BTC has fallen below $ 41,000 since the end of September, but the price of the asset has gradually increased. After a few rallies, it broke out over $ 43,000 and then fell to $ 47,000 in a matter of days. This resulted in BTC mining $ 48,000 where it stood for a while, but then briefly dropped to $ 47,000 on Sunday before the cops could regain control and take it north.
This time, BTC broke the $ 49,000 mark for the first time since September but failed to climb any further and reached a point of rejection, causing it to fall over $ 1,500. BTC has bounced back a bit but remains below $ 48,000. Its market cap is just over $ 900 billion and its dominance over the rest of the coins is 42.5%. Most altcoins performed similar to their front runners last day when ETH fell to $ 2900, but the market rally got them back above $ 3400. The slight retracement of the previous day pushed ETH below this level.
Cardano was in the top 10 losers with a 4% decline, and as a result, ADA fell below $ 2.20 while Binance Coin, Ripple, Doge, Avalanche, Solana and Uniswap sank in the Red Sea on a daily basis. There are a few exceptions, however. Luna rose 4% above $ 45 and Algorandspiked 15% is now above $ 2. Bitcoin posted a 4-week high but after being rejected it fell below $ 49,000 which makes no sense what that means for AXS, that a new one Reached all-time high? after a massive double-digit rally? Tezos hit a record, hitting $ 9 after a 10% daily increase. The total crypto market cap is also down by $ 50 billion in a single day.
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