BTC was rejected at $ 27.5,000, while LDO and LTC fell 6 % daily (Market Watch)

BTC was rejected at $ 27.5,000, while LDO and LTC fell 6 % daily (Market Watch)
Bitcoin has initiated an impressive increase in the last 24 hours, but was rejected violently at the level of resistance of $ 27,500.
The old coins also fell into the minus every day, whereby LTC and LDO have lost the most value among the top 36.
BTC stopped at $ 27.5,000
As Glassnode recently announced, BTC has been traded in a tight range of 3.4 % for over a week. Expressed in US dollars, this essentially means that the asset is between 26,500 and $ 27,500 without it being able to break out above or below these levels.
The analysis company warned that stronger volatility could be imminent, and the markets have had a foretaste of it in the last 24 hours when Bitcoin jumped from less than $ 27,000 to a multi-day high of $ 27,500
However, the line of resistance proved to be too great at this point. BTC did not manage to violate it, and the subsequent rejection meant that it almost went down many times over. Although the cryptocurrency has recovered by a few hundred dollars since the intraday low, it still fights well below $ 27,000. This is done in the middle of the growing number of reports that indicate that BTC investors have concentrated on Hodling instead of the trade in their assets.
After the recent drop in prices, the market capitalization of Bitcoin has dropped under $ 520 billion.
Btcusd. Tradingview
LDO and LTC fall strongly
Most alternative coins are in no better constitution in the day comparison. Ethereum, which rose to over $ 1,850 yesterday, fell to less than $ 1,820 after a decrease of 2 %. A similar decline for BNB means that the asset has fallen below $ 310.
ripple, Cardano, Dogecoin, Polygon, Solana, Tron, Polkadot, Shiba Inu and Avalanche also write red numbers today. Even more daily declines come from Litecoin and Lido Dao-both assets have decreased by 5-6 %.
Toncoin and Leo are the only top 36 alternatives with minor daily growth.
Overall, the market capitalization of cryptocurrencies has dropped by over $ 20 billion in one day. Thus, the key figure has dropped to $ 1.120 trillion.
Overview of the cryptocurrency market. Quantify crypto