According to CryptoPotato, Bitcoin has returned to the $70,000 level after falling below it yesterday and failing to overcome it decisively during its recovery phase. Several altcoins, like ETH, BNB, DOGE, and SHIB, have turned red on a daily scale, but SOL has performed better and stands close to $200.
After a relatively quiet weekend, Bitcoin's business week started on a positive note as the asset soared from around $64,000 to $66,000 before it shot all the way up to $70,000 on Tuesday. The bulls kept the pressure piling and pushed BTC to a new 15-day peak of just under $72,000 on Wednesday. However, the asset was violently rejected here and driven back down to $68,400 hours later. Bitcoin began its recovery shortly after and neared $72,000 once more, but to no avail. Another decline followed, and BTC slipped to $69,200 yesterday. Nevertheless, it has managed to recover most losses as of now and sits at just over $70,000.
Its market capitalization remains about $20 billion shy of $1.4 trillion, and its dominance over the alts has stalled at 49.7% on CoinGecko. SOL has gained almost 6% overnight and stands close to $200 once again. TON's increase is similar, and the asset has jumped to well above $5. Ripple, Cardano, Avalanche, Polkadot, Chainlink, and Tron are also in the green, albeit in a more modest fashion. BCH has continued its run ahead of its second halving, which is just a few days away, and now trades above $600. In contrast, ETH and BNB have declined slightly, and so have the two largest meme coins – SHIB and DOGE. The total crypto market cap has remained relatively stagnant on a daily basis and is below $2.8 trillion now.