Bitcoin (BTC) Price Eyes $28K as Altcoins Bleed Out (Market Watch)

Bitcoin’s price dipped by a few hundred dollars over the past 24 hours but recovered all losses and even headed toward $28,000.After failing to overcome the $28,000 level at the end of the last business week, BTC dropped hard on Friday all the way south to $27,200 . However, the bulls were quick to emerge on the scene and didn’t allow any further declines.

Just the opposite, the cryptocurrency started regaining its lost value and spiked back up to over $28,000 by Saturday. The same scenario repeated once again as BTCthat line decisively and returned back to just under it. It spent Sunday and most of Monday there as well. More volatility came last night when the asset fell back down by a few hundred dollars. Once again, though, it bounced off and jumped to its current level of around $27,700.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:Its market capitalization has remained stuck at around $540 billion, but its dominance over the alts is on the rise again.

The largest altcoin leads the way south. ETH is down by just over 1% once again and now trades inches below $1,600. Ripple, Solana, Cardano, Dogecoin, Tron, Toncoin, Polygon, and Polkadot have all retraced by up to 3% in a day.Use this linkDisclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.

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