Avalanche (AVAX) Rockets Past $30, Bitcoin (BTC) Remains Close to $116K: Market Watch

Bitcoin’s rejection at $116,800 yesterday drove the asset south by over two grand, but it has managed to recover most of the ￰0￱ larger-cap alts experienced even more substantial declines yesterday, but have turned green on a daily ￰1￱ Eyes $116K Again The primary cryptocurrency plunged hard at the beginning of the previous business week, dropping below $111,000. However, the asset reacted well and defended that level. Moreover, it initiated a notable leg up in the following week that saw it jump past $116,000 by ￰2￱ tried to break out even further to the north during the weekend and on Monday morning. Nevertheless, the bears returned when BTC was close to $117,000 at the beginning of the current business week and pushed it south almost ￰3￱ a result, the cryptocurrency dropped by nearly two-and-a-half grand to $114,400 (on Bitstamp).

It bounced off to challenge $116,000 once again earlier today, but couldn’t break past that ￰4￱ of now, the asset trades at around $115,500 with more volatility expected in the following days due to the highly anticipated FOMC meeting. Bitcoin’s market cap has calmed at $2.3 trillion on CG, while its dominance over the alts stands at 56%. BTCUSD.) Rockets Past $30, Bitcoin (BTC) Remains Close to $116K: Market Watch appeared first on CryptoPotato .