The crypto market went through another minor roller-coaster.
It almost feels like a deja vu in the past few weeks, and it happened again on Monday morning as BTC pumped to just over $90,000, only to be rejected violently there and drive immediately south to its starting position.
BTC Stopped The chart below will clearly demonstrate BTC’s inability to break through the $90,000 resistance despite several attempts in the past few weeks. In fact, it has been rejected at least six times since December 16. In the previous business week alone, it tried twice but to no avail. Last Monday, it jumped to $90,500 when the bears stepped up and drove it south by four grand in the next couple of days. AnotherWhat followed were a few days of sideways trading, in which bitcoinbetween $87,000 and $88,000. The bulls went back on the offensive earlier today, driving the cryptocurrency to another weekly high of $90,400. The scenario repeated once again, though. The dead-cat bounce scenario, which many feared, drove bitcoin back down to under $88,000 as of press time. Its market cap is back to $1.750 trillion, while its dominance over the alts is just over 57% on CG.Ethereum followed the market leader earlier today, surging past $3,000 as it neared $3,050. However, it met the same fate as BTC and is now back to $2,960. BNB has returned to $856, while XRP is beneath the crucial support of $1.90. On a daily scale, SOL, ZEC, and DOGE are slightly in the green, while BCH has lost the most value from the larger-cap alts. CC is up by almost 4% to nearly $0.125. The total crypto market cap gained and lost $70 billion in hours today and is now back to $3.060 trillion on CG.Use this linkDisclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain.
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