Bitcoin’s price ascent from earlier this week couldn’t continue in the past 36 hours or so, and the asset even dipped toward $65,000, where it found some support.
Most larger-cap alts have remained sideways on a 24-hour scale, aside from WLFI, which has rocketed by double digits.
The end of the previous business week saw another rejection for BTC, which had pumped to $65,600 a few days prior after the favorable US CPI data for June. After the bears stepped up, though, the asset slipped to $62,500 on Friday. Nevertheless, this was a short-term decline, and the cryptocurrency rebounded to $64,000 over the weekend.
It even challenged $65,000 on Monday morning before it was stopped again. This time, the retracement was a lot more modest, taking bitcoin south to $63,750.
The bulls intervened at this point and initiated a couple of consecutive leg-ups that culminated on Tuesday morning with a surge to $67,000. This became bitcoin’s highest price tag in over a month. However, it couldn’t breach that level and dipped to $65,600 yesterday and $65,300 earlier today. The latter provided the necessary support, and BTC has now calmed at just under $66,000.
Its market capitalization has stalled below $1.320 trillion, while its dominance over the alts has fallen to 56.5% on CG.
The top 100 alts by market cap have a new rep as of today, and it’s also the most significant gainer (on CoinGecko). Blockchain Capital’s BCAP has skyrocketed by over 360% in the past 24 hours to a price tag of $106. However, CG reports $0 trading volume, while the market cap has neared $1 billion.
WLFI has jumped the most from the proven altcoins, pumping by over 11% to $0.063. STABEL follows suit, while HBAR and UNI are up by around 4% each. Meanwhile, most other larger-cap alts have marked gains of up to 2%, including XMR. BCH, XLM, CC, and TRX, on the other hand, are slightly in the red.
The total crypto market cap has remained sideways at just over $2.3 trillion on CG.
The post WLFI Pumps by Double Digits as Bitcoin (BTC) Settles Below $66K: Market Watch appeared first on CryptoPotato.
The White House has circulated agreed ethics provision language to Republican senators, removing the key barrier to a Senate floor vote on the Clarity Act.
Senate Democrats refuse to back the revised CLARITY Act, saying DOJ-only ethics enforcement is ‘unserious’ as Thune eyes a floor vote before August recess. The
An updated draft of the US CLARITY Act introduces strict ethics rules and fines for federal officials, while capital continues to shift toward Bitcoin utility
US intelligence probes Russian role in Iranian drone strikes on CIA facilities in Riyadh and Iraq, escalating geopolitical risks with market The post Iranian strikes
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