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The cryptocurrency market remained shaky over the past 24 hours. Bitcoin failed to build on its weekend recovery attempt and remained under pressure. Several altcoins, however, delivered explosive double-digit gains, which creates a rather mixed picture across the broader.
After it was rejected at $78,000 earlier this week, bitcoin’s troubles worsened with a nosedive to a monthly low of just over $74,000, where it finally found some support. Most altcoins have followed suit on the way down, with ETH dipping to $2,000 today, BNB going down to.
Bitcoin’s price recovery that started a couple of days ago pushed the asset to just over $78,000 before it was stopped and driven south by around $500. Minor gains are evident from BNB, SOL, and DOGE, but, as mentioned in the title, two larger-cap alts have stolen the show..
Bitcoin looks on track for a rally toward $80,000 while HYPE, ZEC and a handful of altcoins are pushing toward their range highs. Bitcoin (BTC) has risen above $77,500, but the recovery is expected to face resistance in the $78,500-$82,000 range. The net outflows of $979.7.
Many leading altcoins, including Ethereum (ETH), Ripple (XRP), and Solana (SOL), have headed south over the past 30 days, moving in step with the market’s predominantly bearish tone. However, Zcash (ZEC) has defied the overall pullback, posting a roughly 90% price increase.
Although bitcoin remains deep in the red on a weekly scale, the asset has managed to post a minor recovery in the past 24 hours and now sits above $77,000. Most larger-cap altcoins remain quite sluggish, with insignificant gains. ETH is above $2,100, BNB remains north of $640,.
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