Bitcoin (BTC) Stopped at $71,000, Cardano (ADA) Jumps 6% Daily (Weekend Watch)

Bitcoin’s price recovery took the asset to $71,500 yesterday, but bears intervened at this point and pushed it south around two thousand.

Altcoins are relatively slow today, which is to be expected, apart from ADA, which has become the best performer.

BTC stopped at $71.5 thousand

The start of the business week was quite promising for the major cryptocurrency, as it jumped above $70,000 on Tuesday and continued to climb that day to a multi-month high of $73,600. As such, it came just $150 short of its March all-time high of $73,740.

However, it didn’t while the community was predicting that this would happen at some point and it gradually began to lose value. The most substantial correction occurred on Friday morning when it dropped below $69,000, thus losing three thousand in a few hours.

Bulls rallied during the trading day, with bitcoin rising to $71,500 after a weaker-than-expected US jobs report for October. However, he failed once again at that time and is now about two grand below.

This means its market cap has dropped to $1.375 trillion in CG, while its dominance over altcoins stands at over 56%.

Bitcoin/Price/Chart 02.11.Source: TradingView ADA defies the odds

Most of the larger-cap highs have calmed down today with minor moves. On the one hand, ETH, BNB, SOL, XRP, TRX, AVAX, and LINK have seen negligible losses of around 1-2%, while on the other hand, DOGE, SHIB, and TON have gained similar percentages.

Cardano’s native token has emerged as the only substantial gainer of the larger-cap highs. ADA has soared 6% and is now trading well above $0.35.

Other bonuses worth mentioning include RAY (14%), XMR (5%) and MEW (5%).

The total crypto market cap has remained relatively quiet on a daily basis, at just under $2.450 trillion in CG.

Cryptocurrency Market Overview. Source: QuantifyCrypto SPECIAL OFFER (Sponsored) Binance Free $600 (CryptoPotato Exclusive): Use this link to register a new account and receive an exclusive welcome offer of $600 to Binance (full details).

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