Bitcoin slips to $ 29,000, Pepe ends the week with 350 % profit (Weekend Watch)
Bitcoin slips to $ 29,000, Pepe ends the week with 350 % profit (Weekend Watch)
Bitcoin did not manage to conquer the $ 30,000 mark yesterday, and the subsequent rejection drove it down by over $ 1,500.
The old coins are slightly in the minus on a daily basis, whereby ETH is fighting to stay over $ 1,900, and Shib drops by over 4 %.
Bitcoin back at $ 29,000
after the unfavorable start to the week, at the BTC to be less than $ 27,800, the asset almost immediately began with its recovery and rose to $ 29,000 by Thursday. This happened even after the recent interest rate increase of the US Federal Reserve.
The cryptocurrency started on Saturday morning, which drove $ 29,900. When the bulls prepared to break the coveted $ 30,000 line, the bears appeared and pressed BTC strongly south.
As a result, Bitcoin fell over $ 1,500 in hours and fell to a daily low of $ 28,400 (on Bitstamp). Since then it has been able to make some ground again and is currently around $ 29,000.Nevertheless, BTC is still 1.5 % in the minus that day. Its market capitalization has dropped to $ 560 billion, but its dominance over the old coins has increased slightly to 47.2 % at CMC.
btcusd. Tradingview
It's pepes show
One can say with certainty that the past few weeks have belonged to the new madness in the crypto and memecoin area- Pepe. It went out in tears shortly after his start in mid -April. In the past week alone there was a massive increase of 350 %, which was the 45th largest cryptocurrency after market capitalization at the present time. The latest massive pump came after it was listed next to Floki Inu on Binance.
Most of the large cap alternatives are in a less favorable position. ETH has fallen over 2.5 % in the last 24 hours and is about to break below $ 1,900 again. Binance Coin, Ripplecardano, Dogecoin, Matic, Solana, Polkadot, Tron and Litecoin also write significantly red.
Shiba Inu has decreased most with a minus of 4.5 % compared to the large cap alternatives.
The overall market capitalization lost around $ 25 billion that day, and the key figure has fallen below $ 1.2 trillion.
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