Bitcoin’s price rally continued over the past 24 hours, as the asset surged above $67,000, where it was halted and then pushed back.
Most altcoins are also slightly in the red on a daily scale, with the exception of XRP, which is up 3%.
The BTC run has stopped
The cryptocurrency landscape was quite bearish last week, with BTC falling below $60,000 several times. The latest took place on Friday, in a context of escalating tensions between Iran and Israel.
However, the asset recovered almost all losses in the following hours as Iran said there would be no retaliation anytime soon. As such, the price of BTC had regained some value and stood at around $65,000 by the time the fourth halving arrived in the early hours of April 20.
Since then, bitcoin has seen gradual gains, climbing from around $500 to $1,000 per day. This caused prices to surge to a multi-week high of $67,200 earlier today. However, this is where the bears stepped in once again and did not allow further increases.
On the contrary, the price of bitcoin has fallen by more than $1,000 since then and is now struggling to stay above $66,000. Nonetheless, its market cap once again stands at $1.3 trillion, while its alt dominance is 51% on CG.
YOUR continues to dump
CryptoPotato reported last week about Tether’s extension of two of its stablecoins to the TON blockchain. Although this had an immediate positive impact on the price of Toncoin, the asset actually fell sharply in the days that followed. The last 24 hours alone have resulted in a 10% decline, and TON is now struggling at $5.5.
The majority of larger-cap alts are also slightly in the red, with the exception of XRP. Ripple’s native token is up 3% following the latest developments on the SEC front.
The total crypto market cap is stuck as of yesterday at just over $2.550 trillion on CoinGecko.
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Cryptocurrency charts by TradingView.