Bitcoin’s Attempt at $27,000
Bitcoin made another attempt to break the $27,000 level today but was unsuccessful. Meanwhile, Chainlink’s native token has seen a significant increase of about 6%, while TONCOIN has slipped by over 3% during the same period.
BTC’s New Attempt
Last Monday, Bitcoin experienced a highly volatile trading day. It initially dropped to a two-month low of under $25,000 but quickly rebounded after positive news regarding an application for a spot ETF. This led to a reclaiming of the $26,000 level and aspirations for further gains.
The rest of the week saw Bitcoin gradually increasing its value in USD. On Saturday morning, it reached $26,900 for the first time in over two weeks. However, similar to previous attempts, the bears stepped in and halted its progress. Bitcoin retraced by a few hundred dollars and remained around $26,500 for the rest of the weekend.
Today, there was another minor push as Bitcoin tapped $26,800 but failed to continue its upward movement. Currently, it remains below $27,000 with a market cap just above $520 billion and dominance over altcoins slightly above 49%.
LINK Pops Up
Most larger-cap altcoins are relatively stable today. Ethereum, Binance Coin, Solana, Tron, Polygon, and Litecoin have seen minor gains, while Ripple, Dogecoin, Cardano, and Shiba Inu have experienced insignificant losses.
TONCOIN has seen the largest drop on a daily scale. Despite this retracement, it is still up by double digits on a weekly basis and currently trades close to $2.4.
On the other hand, Chainlink has emerged as the top performer within a 24-hour period. Its native token, LINK, has increased by over 5% and is now above $6.5.
The total market cap of all cryptocurrencies remains relatively stable at just over $1.060 trillion.
Hot Take: Bitcoin Eyes $27K, Chainlink Emerges as Today’s Top Performer
Bitcoin made another attempt to surpass the $27,000 level but was unable to do so for now. While Bitcoin faced resistance, Chainlink’s native token, LINK, experienced significant gains and emerged as today’s top performer among cryptocurrencies. The overall market remains relatively steady, with larger-cap altcoins showing minor movements. TONCOIN saw a slight decline but remains positive on a weekly scale. Bitcoin’s market dominance remains strong, hovering above 49%. The cryptocurrency market continues to be dynamic and full of opportunities for traders and investors.
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