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Bitcoin’s adventure above $60,000 was short-lived once again, as the asset dumped below that level yesterday and has remained there ever since.
Most altcoins have followed $BTC’s example by charting daily drops. In contrast, $TRX has soared to over $0.16.
$BTC Below $60K Again
After last Thursday’s massive correction that drove bitcoin to a multi-day low of $56,200, the cryptocurrency was mostly on the rise. It spent the weekend trading sideways in a tight range around $59,000 and $60,000.
Monday began with a downturn once again, though, as the asset slumped to $58,000. However, the bulls were quick to intercept the move and pushed $BTC north. In a matter of hours, it added more than three grand of value and jumped to a 6-day high of over $61,400.
Nevertheless, it failed to maintain its run and slumped to under $59,000 later on. This came amid reports that Mt Gox has begun making more $BTC transfers.
Despite recovering some ground since that local low, bitcoin is still 2% down on the day and struggles beneath $60,000. Its market capitalization has declined to $1.175 trillion, while its dominance over the alts has taken a slight hit and is down to 53.5% on CG.
$TRX on the Run
Most altcoins have followed $BTC on the way down. Ethereum has slipped by 2.5% and now struggles at just under $2,600. SOL and XRP have marked similar losses. TON, BNB, DOGE, and BCH are also in the red on a daily scale.
Interestingly, the landscape around Tron’s native token is quite different. $TRX has shot up by 12% in the past 24 hours and now sits above $0.16. AVAX, ADA, and MATIC have also charted impressive gains.
However, the total crypto market cap has shed about $40 billion overnight and is down to $2.2 trillion.
