Bitcoin attempted to break through the $31,000 level but fell short and has remained just below that level. Altcoins are relatively stable, with BCH and AAVE showing gains while LTC and AVAX are slightly down. Despite a drop to $29,700, Bitcoin recovered and stayed above $30,000 over the weekend. On Tuesday, it spiked to $31,000 but faced a significant rejection. However, it remains just $300 away from that level, with a market capitalization close to $600 billion and dominance over altcoins at 50%.
Key Points:
– Bitcoin tried to surpass $31,000 but failed and remains just below that level.
– BCH and AAVE are notable gainers among altcoins, while LTC and AVAX are slightly down.
– Bitcoin recovered after dropping to $29,700 and stayed above $30,000 over the weekend.
– On Tuesday, it spiked to $31,000 but faced a major rejection.
– Bitcoin is currently trading around $300 below $31,000, with a market cap close to $600 billion and 50% dominance over altcoins.
Hot Take:
Bitcoin’s struggle to break through $31,000 shows resistance at this level. Despite facing rejection, it has managed to maintain its position just below that mark. This indicates strong support and potential for another attempt to reach new highs. Altcoins are relatively stable, with some showing gains. The overall market sentiment remains optimistic, with Bitcoin’s dominance over altcoins still at a significant level.
