PUMP Soars 22% in a Day as Bitcoin Holds Steady at $116K: Weekend Watch

Bitcoin’s gradual price recovery over the past week or so saw some resistance at $116,000, and the asset has failed to reclaim that level ￰0￱ for a weekend trading, most altcoins are quite sluggish with little to no moves in either direction. However, there are a few ￰1￱ Keeps Calm at $116K The aforementioned price recovery began at the start of the current month when bitcoin slumped to a multi-week low of just over $107,000. The asset tested that support on a couple of occasions in just a few days at the time. However, the bulls ultimately managed to defend it and initiated leg-ups that drove BTC to over $110,000 within ￰2￱ kept climbing and challenged $113,000 on September 5 and 9, where it faced immediate rejections.

Nevertheless, that level finally gave in on September 1,0 and BTC hasn’t looked back ￰3￱ the opposite, it kept rising and knocked on the $116,000 door on ￰4￱ bulls pushed it beyond that level on Saturday morning and up to a multi-week high of $116,700, but the cryptocurrency failed to move ￰5￱ has been driven to just under $116,000 as of press time, which is still impressive given the latest macroeconomic developments and threats on the USA vs Russia/China front from ￰6￱ now, BTC’s market cap is still above the $2.3 trillion mark, while its dominance over the alts has recovered some ground and is up to 55.4% on CG. BTCUSD.