Bitcoin falls by $ 1,000 daily and exceeds Alts in the middle of increased volatility (Market Watch)

Bitcoin falls by $ 1,000 daily and exceeds Alts in the middle of increased volatility (Market Watch)

Bitcoin reached a new multi -month high yesterday, but was stopped shortly afterwards and fell below $ 21,000

Nevertheless, its market dominance continues to increase because most old coins have decreased even more.

BTC sees a new high, but falls off

The primary cryptocurrency has experienced a strong start to the year, which was recognized by Bloomberg's senior analyst. More precisely, the asset rose from $ 16,500 to more than $ 21,500.

The recent price increase and local high came yesterday at over $ 21,600. The last time BTC was so high was in September last year. However, the bears intercepted the movement at this point and moved south.

As a result of the increased volatility, Bitcoin slipped by more than $ 1,000 and fell to a daily low of $ 20,400, although the reserves on the stock exchanges continued.

Nevertheless, BTC reacted somewhat positively to this decline and recovered a few hundred dollars. As such, it is currently at almost $ 21,000, and its market capitalization has kept over $ 400 billion.

his dominance over the altcoins, however, has taken another increase and is up to 41.4 %, which is a multi -month high.

BTCUSD. Tradingview

apt opposes the market mood

Most old coins have imitated BTC's performance in the past few weeks, but have decreased sharply since yesterday.

Ethereum rose to almost $ 1,600 after a few consecutive days. However, a daily retracement of 3 % pressed it back to just over $ 1,500.

Binance Coin fell by a similar percentage and is $ 290. Even more daily losses show up at Cardano, Dogecoin, Polygon, Solana, OKB and yesterday's top performer-Shiba Inu.

With the rest of the large cap alternatives in red, aptos is one of the few who actually recorded daily climbs. APT has increased by 7 % and has approached the $ 8 brand.

Overall, the cumulative market capitalization of all crypto-assets has disappeared by around $ 30 billion and decreased to $ 960 billion.

Overview of the cryptocurrency market. Quantify crypto