After a few days of sideways trading, bitcoin price headed lower on Friday and fell to a weekly low of around $66,600 before recovering about a thousand dollars.
Altcoins are quite slow today, with eth gaining around 1% of its value and closing at the $3,800 mark.
btc recovers
The beginning of the trading week was under the complete dominance of the bulls, who took the leading cryptocurrency from under $69,000 to a weekly high of over $70,500. However, as hope began to emerge about a possible challenge to the all-time high of $73,800, the picture changed and btc fell over three thousand dollars on Tuesday.
Increased volatility occurred in the following days, but bitcoin ultimately remained range-bound between $67,000 and $69,000 with a brief attempt to break above the latter on Thursday. The subsequent rejection pushed the asset lower, and yesterday it fell $3,000 to $66,600, becoming its lowest price in about a week.
The bulls finally re-emerged at this point and did not allow any further declines. Quite the opposite, btc skyrocketed by approximately $1,000 and now sits between $67,500 and $68,000.
Its market capitalization has fallen to $1.33 trillion and its dominance over alts remains firm at 50% on CG.
eth targets $3.8K
As expected for the weekend, price actions have declined. ethereum is up about 1% on a daily basis and now sits near $3,800, but this move is far from the volatile ride the asset went through last week amid the ETF news.
BNB, SOL, XRP, ADA and DOT made negligible gains, while LINK and PEPE rose by around 3-4% in a day.
In contrast, SHIB plummeted almost 3%, while UNI plummeted 6% and is close to falling below $10.
The total crypto market capitalization has lost around $20 billion in one day and is down to $2.66 trillion.
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