After several days of trading above $27,000, bitcoin’s price took a turn for the worse and dropped below that level to a multi-day low.
The past several days were quite positive for the primary cryptocurrency, especially after it bounced off from last week’s crash to under $25,000. It recovered more than a grand almost immediately and kept climbing during the business week.
The weekend was somewhat less volatile, but BTC still managed to poke its nose above $27,000. It failed there at first, but the bulls prepared for another charge that pushed bitcoin to a 20-day peak at $27,500 on Tuesday.
Nevertheless, the asset failed to continue upward and even remain at that point and retraced to $27,000 yesterday. The landscape worsened hours later when BTC dumped by several hundred dollars to a three-day low of $26,400.
It has managed to recover some ground since then but still trades way below $27,000. Its market cap has taken a slight hit and is down to $520 billion, and its dominance over the alts has retraced to 49.2%. 
