Bitcoin wasn’t able to break through the $31,000 barrier, and it has fallen back by over $1,000 to a familiar level near $30,000.
Most altcoins are slightly in the red today, with Ethereum fighting to stay above $2,000. The bigger-cap alts have hurt Polkadot the most.
Bitcoin (BTC) Stalls At $30,000
Bitcoin’s price was all over the place last week. At one point, it went from $40,000 to a multi-month low of $25,300, which was a drop of $15,000.
The next few days brought back about $5,000, but then the tides turned, and this week has been much calmer, at least for now.
The biggest jump in price happened two days ago when BTC went up to and past $31,000. But at that point, it failed, turned around, and went back down to below $30,000.
Yesterday, when BTC traded above that coveted level for most of the day, the same thing happened.
Now, though, the cryptocurrency is below that line, and its market cap has dropped to $570 billion. At just over 44 percent, it still has a strong lead over the other groups.
In the past ten days or so, the performance of the other coins has been a lot like BTC’s, with big drops last week and a calmer outlook since the weekend.
Ethereum (ETH) Struggles, Binance Coin Sees Red
Ethereum tried to get to $2,100 yesterday, but it didn’t work out. Since then, it has fallen back to around $2,000 because of this.
The most money has been lost by Polkadot in the last 24 hours. Due to a drop of 6.5%, DOT is now worth just over $10. TRON and Litecoin are two of the few large altcoins that have seen small gains.
The total value of the crypto market has also stayed the same and is now close to $1.3 trillion.