Bitcoin stopped at $ 25,000, Conflux exploded by 510 % weekly on China Hype: Market Watch

Bitcoin stopped at $ 25,000, Conflux exploded by 510 % weekly on China Hype: Market Watch

Bitcoin has tried again in the past 24 hours to win $ 25,000, but so far without success.

Most old coins have also become red today, with Matic, Sol and LTC adding over 3 %. Cro, on the other hand, has increased by more than 8 %.

Bitcoin fails at $ 25,000

Bitcoin experienced an extremely volatile end of the previous week of retail and rose over $ 25,000 and thus marked the highest level of price since August before it sagged hard by about $ 2,000. The weekend was quieter because BTC spent around $ 24,500.

On Sunday evening there was another price increase towards $ 25,000, which was stopped. The subsequent rejections brought the asset to less than $ 24,000

On Monday the scenario repeated itself. This time BTC briefly exceeded $ 25,200, but, as before, fell by several hundred dollars almost immediately. The cryptocurrency is now only a few centimeters of $ 25,000, while its market capitalization is approaching $ 480 billion.

his dominance over the old coins also increases and reached 42.6 %today.

Btcusd. Tradingview

CFX explodes three digits

While the United States is continuing its official examination of the industry, recent reports claim that China could have changed his attitude, if not directly by tacitly supporting Hong Kong and its acceptance of the investment class.

Therefore, tokens are expected to increase in connection with the most populous nation in the world. This is the case with NEO, which is added by almost 30 % daily and 76 % weekly.

Although an increase of 76 % this week is impressive alone, it cannot be compared by 510 % with the increase in Conflux. Conflux is the only public blockchain based in China, and your native token is one of the 100 largest coins with a price of $ 0.31.

At the same time, most large cap alternatives have minor daily declines. Ethereum, Binance Coinokb, Dogecoin, Polkadot and Shiba Inu all fell by up to 2 %, while Matatic, Sol and LTC have fallen by about 3-4 %.

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