Bitcoin had quite the rollercoaster ride recently, jumping over three grand one day only to stumble back down, wrestling with that stubborn $85,000 resistance. It’s like watching an exhilarating sports match where the star player keeps scoring, but the ref keeps blowing the whistle! Meanwhile, in the world of altcoins, some are celebrating noteworthy gains, with ATOM strutting its stuff with a double-digit increase. As we dive into the latest crypto market trends, let’s unpack Bitcoin’s perilous journey and the standout performances from altcoins, as well as speculate about what’s next for this volatile space… Will Bitcoin muster the strength to challenge that elusive $90,000 mark? The crypto landscape is buzzing, and there’s a lot to ponder! LEARN MORE.
Bitcoin surged by over three grand on Friday but failed to overcome the resistance at $85,000 and has slipped by about a grand since then.
Several altcoins have produced impressive gains over the past day, and ATOM stands out as the only one with a double-digit increase.
BTC at $84K
The primary cryptocurrency had a rocky start to the week as it lost the $86,000 level, which held during the previous weekend, and slumped to $80,000 on Monday. After a brief rebound to $84,000, the bears took complete control of the market and pushed it south hard to under $77,000 for the first time in approximately four months.
After losing nearly ten grand in less than 48 hours, BTC finally reacted well and jumped above $80,000 hours later. It kept climbing on Wednesday after the favorable US CPI data but was stopped at $84,000 and driven back down to $80,000. More volatility ensued on Thursday and especially on Friday when it jumped from $82,000 to a multi-day peak of over $85,000 within hours.
