Bitcoin tried 44,000 hours a few hours ago, but came to a dead halt. Most altcoins are slightly in the green, with Cardano emerging as the biggest gainer among the larger-cap ones with an 8% increase.
Bitcoin Stopped Ahead of $44K
It was just a couple of days ago when the primary cryptocurrency tapped a weekly high at $44,500 following an offensive from the bulls trying to recover most losses from the previous week.
However, the Bears came to play and did not allow any further raises. On the contrary, BTC started losing value rapidly and lost $2,500 in hours. This resulted in a drop below $42,000 for the third time in less than seven days.
The asset reacted well at this point and jumped by over $1,000 to reclaim $43,000, as reported yesterday. It dipped below that line once more in the following hours before it initiated another leg up which resulted in nearing $44,000, but to no avail.
Right now, BTC is again hovering around $43,000 and its market capitalization is over $800 billion.
Cardano Sees 8% Increase
Most of the larger-cap altcoins have remained relatively calm on a daily scale. Ethereum maintains $3,300 after a minor 24-hour increase. Binance Coin touched $500 yesterday but now stands just under that line.
Solana, Polkadot, Avalanche, and Terra made more impressive gains. SOL is up 3%, DOT 4%, LUNA 5% and AVAX 4%.
Cardano is the most significant gainer from the larger-cap alts. ADA has jumped by about 8% since yesterday and trades above $1.35.
Cardano is the most significant gainer from the larger-cap alts. ADA has jumped by about 8% since yesterday and trades above $1.35.
More increases come from Fantom (12%), Secret (10%), Spell Token (8%), Osmosis (6.5%), Economi (6%), and others. The crypto market cap is close to $2.1 trillion.
