After the positive weekend, bitcoin was rejected at $60,000 and dropped by a few thousand dollars to $57,000. Most altcoins are trading in the red as well, with the exception of CRO and Elrond, both of which registered new all-time highs.
Bitcoin Rejected at $60K
After several consecutive days of losing value, in which bitcoin dumped by 20% from its peak to a monthly low of below $56,000, the asset finally started to recover some ground during the weekend.
It climbed about $ 3,000 on Saturday and even came close to $ 60,000 on Sunday. However, it failed to breach it, and the subsequent rejection drove it south hard.
In just a few hours, BTC dropped a few thousand dollars and even fell below $ 57,000. As of now, it has bounced off rather well and currently sits close to $58,000.
Nonetheless, Bitcoin’s market cap has fallen well below $ 1.1 trillion, and its dominance over alts remains at just over 42%.
CRO and EGLD See New Peaks
Most alts have mimicked BTC’s performance in the past several days, which means they are slightly in the red today. Ethereum went above $4,350 yesterday, but a 3% decline has driven it back down to around $4,200.
Binance Coin (-1.7%) fell to $ 575, Cardano (-3.5%) to $ 1.8 and more losses come from Ripple, Polkadot, Dogecoin, Shiba Inu and Terra.
Solana (3%) and Avalanche (1%) are the only two coins from the top 10 in the green. AVAX continues with its impressive performance by tapping frequent ATHs.
Speaking of records, Crypto.com’s native token also plotted a new one above $ 0.7 after a whopping 11%. Elrond (EGLD) climbed 23% and also hit a new high.
More price increases are evident from Voyager Token (13%), Flow (12%), IOTA (12%), Curve DAO Token (11%), Secret (10%), Oasis Network (10%), and Stacks (10%).
In contrast, GALA (-20%), Arweave (-13%), Kadena (-12%), Nexo (-10%), Immutable X (-8%), KuCoin Token (-8%) and Tezos (- 7%) lost the most in a day.
The cryptocurrency market capitalization went down by around $100 billion in a day since yesterday’s peak and is at $2.7 trillion on CoinGecko now.
