These Alts Defy Weekly Market-Wide Crash as Bitcoin Tests $109K: Weekend Watch

Bitcoin’s rather uncertain price recovery continued in the past 24 hours as the asset tapped $109,500, where it faced a quick ￰0￱ altcoins are still sluggish on a daily scale, which is why we will focus on their weekly moves, where CRO reigns ￰1￱ Stopped at $109.5K Following last Friday’s price pump to over $117,000 after Jerome Powell’s speech, bitcoin calmed at around $115,000 during the previous weekend until Sunday evening, when massive volatility reached the ￰2￱ the matter of just an hour or so, BTC plunged hard by several grand to under $111,000. The bulls tried to recover some ground on Monday but were quickly stopped at $113,500. The bears seemed fully in control as they drove the cryptocurrency to under $109,000 on Tuesday ￰3￱ initiated another leg up that was once again halted at $113,500 on ￰4￱ the following hours, the asset lost all of its momentum and plummeted to $107,200 on Saturday morning, which became a new seven-week ￰5￱ bounced off to $109,500 earlier today, but it couldn’t keep ￰6￱ of now, it struggles to remain above $109,000 after the latest ￰7￱ market cap is back to $2.170 trillion, while its dominance over the alts has stalled at 56% on CG.

BTCUSD.) and Pi Network’s PI token (7%). The total crypto market cap has shed roughly $200 billion weekly and is down to $3.850 trillion on ￰8￱ Market Overview.