Bitcoin Retracing Towards $48K
BTC/USD. Source: TradingView
Bitcoin Retracing Towards $48K
Yesterday, BTC’s price was on its path towards $50K. It peaked at $49,600 and was unable to continue higher. However, the picture is different today. At the time of this writing, bitcoin is trading at $48,350, down 1.8% in the past 24 hours.
BTC/USD. Source: TradingView
Some Altcoins Party
The rest of the market is colored in both green and red as some altcoins charted serious gains while others failed to do stand their ground.
Cryptocurrency Heatmap. Source: Quantify Crypto
Ethereum, for instance, failed to stay above $4K and is down 2.5% towards $3,900. AVAX is also down about 3%, and so is Solana (SOL).
On the other hand, NEAR Protocol surged by a whopping 33% and painted a new all-time high at $13.35. Fantom’s FTM is also up 17%, and