Bitcoin Ping Pongs at $30K as Synthetix (SNX) Leads Altcoin Rally: Market Watch

The cryptocurrency market failed to initiate anything of substance throughout the past 24 hours, with bears somewhat assuming control over the momentum. The total market capitalization dropped by around $12 billion during the period, where most major cryptocurrencies are trading in the red today.

Bitcoin’s price is flirting with $30K, but this might be about to change soon, according to some analysts. Let’s dive in.The BTC price seems unable to break out from the relatively narrow range that it’s currently trading within. The price has once again fallen below the pivotal level of $30K as it failed to sustain yesterday’s gains, as seen in the chart below.that the price might soon be about to break out of its consolidation, with many indicators leaning bullish.

Bitcoin’s dominance remains more or less where it was yesterday – at around 46.5%, according to CoinGecko. This shows that altcoins were unable to make a difference as well.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

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