BTC Price Can’t Recover $60,000, WIF Down 5% Daily (Market Watch)

Bitcoin price reached $60,000 yesterday and even briefly broke above it, but the bears took control once again and pushed the asset below that line.

Altcoins are uncharacteristically slow on a daily basis, with most other than ETH and BNB in ​​the red.

BTC stopped at $60,000

After a very volatile and painful start to the previous business week, bitcoin started to recover some of the recently lost ground, moving from below $49,500 (Monday) to almost $63,000 on Friday. However, he could not maintain his career and gradually began to lose value.

The weekend was much less intense than the previous one and BTC was mainly around $61,000. Once Monday arrived, however, the bears came out of the woods again and pushed the cryptocurrency south to just under $58,000.

However, the massive crash of the previous Monday did not happen and bitcoin started to recover some ground. In fact, it even broke above $60,000, but once again stopped there and narrowed back down to its current position of around $59,000.

Its market capitalization has risen slightly to just under $1.17 trillion, while its dominance of the highs is 53.6%.

Bitcoin/Price/Chart 13.08.2024. Source: TradingView ETH, BNB with minor gains

Ethereum and Binance Coin are among the few altcoins out there today. Both assets are up about 2% to $2,640 and $520, respectively. In contrast, SOL, XRP, ADA, TRX, AVAX, SHIB and DOT have recorded negligible losses.

SATS has gained the most among the top 100 alternatives, having risen 18% in the last day. In contrast, TAO and WIF have lost more value. The former is down 6%, while the popular meme coin is down 5%.

The cumulative market capitalization of all crypto assets has totaled less than $20 billion as of yesterday and is just shy of $2.180 trillion.

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).

2024 LIMITED OFFER on BYDFi Exchange – Up to $2888 Welcome Reward, Use this link to register and open a 100 USDT-M position for free!

Disclaimer: The information found on CryptoPotato is that of the quoted writers. It does not represent CryptoPotato’s views on whether to buy, sell or hold any investment. You are advised to do your own research before making any investment decisions. Use the information provided at your own risk. See disclaimer for details.

TradingView Cryptocurrency Charts.