Bitcoin kicked off another run towards $24,000 but failed within inches of it, with the subsequent rejection taking it down by almost $1,000.
Most altcoins are also slightly in the red today. SOL is among the worst performers on a weekly scale amid the latest network issues.
Bitcoin stopped ahead of $23K
BTC tried to break above $25,000 three times in the last few weeks, but so far to no avail. The last attempt came a week ago, but the asset plunged by more than $1,400 in the hours that followed. The picture worsened again on Friday when the US announced PCE figures for January.
Bitcoin slid for another big one and fell to a multi-week low of less than $22,800 over the weekend. It bounced pretty quickly and rallied back $23,000, as reported yesterday.
The bulls tried to push it up a level towards $24,000. BTC was only inches away from touching that level, but it failed and dropped back down to $23,300, where it currently stands as well.
As such, its market capitalization has shrunk to $450 billion, while its dominance over alternatives stands at 42.3%.
SOL below double digits
crypto potato reported yesterday about the network problems that Solana experienced over the weekend. The blockchain was down for almost a full day and the development team was unable to locate where the issue was coming from.
Although the network is back online, this latest outage damaged the native cryptocurrency. SOL is down 2% in the last 24 hours alone, even down to $21.50 over the weekend. As such, the asset is down almost 15% in the past week.
Most of the larger-cap alternatives are in a similar state. Ethereum, Binance Coin, OKB, Polygon, Polkadot, Shiba Inu, Litecoin, and Avalanche are down as much as 3% in the last 24 hours.
TONCOIN and EOS are among the few exceptions that post minor gains. The former is up 2.5%, while the latter is up almost 4%.
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