- The price of Bitcoin stood still for several days before hitting $70K for the first time ever, but it was violently rejected minutes later.
- Several altcoins, led by Worldcoin and FLOKI, have produced massive gains over the past day.
BItcoinworld reported BTC’s notable run as of late, which culminated this week by charting a new all-time high two consecutive times.
At first, Bitcoin shot above $69,000 on Tuesday after gaining several thousand dollars on Monday.
However, the bears were quick to intercept the move and pushed the asset south hard. In a matter of minutes, BTC had fallen by nearly ten grand, leaving billions of USD in liquidations.
Bitcoin recovered most losses almost immediately and returned to $67,000 in the next few days. The second offensive came yesterday when the bulls drove BTC to just over $70,000 for the first time ever.
See Also: Dogecoin’s Open Interest Reaches Record $1.4B As Meme Coin Surges
Once again, though, the cryptocurrency failed to keep the momentum going and was brought back down by a few thousand dollars.
As of now, BTC trades at around $68,500, with its market cap nearing $1.350 trillion on Coinstats. Its dominance over the alts has remained at 49.2%.
FLOKI Keeps Going
The bull run so far has been dominated by the meme coins.
While SHIB and DOGE keep fighting over which will be the largest during this cycle, FLOKI has taken advantage and has soared by more than 110% over the past week and 40% since yesterday.
As a result, the asset has neared the top 50 largest cryptocurrencies by market cap.
Worldcoin is the other notable gainer from the top 100 alts. WLD has skyrocketed by 42% and now sits above $10 despite the controversy around the project.
The Graph (25%), AGIX (20%), AR (19%), and NEAR (19%) are also well in the green. BNB, DOT, ICP, TON, and SHIB have produced minor gains over the past day.
See Also: Bitcoin Reached New All-time High, Surpasses Its Previous All Time High Of $69,000
ETH went above $4,000 yesterday but failed there and has slipped to almost $3,900 as of now.
The total crypto market cap has been increasing quite a bit lately and is above $2.7 trillion today.
Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
#Binance #WRITE2EARN
The post Bitcoin Price Hits $70K And Retreat, FLOKI Skyrockets 111% Weekly appeared first on BitcoinWorld.
