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Bitcoin failed at $43,000 yesterday, and the subsequent rejection pushed the asset hard south to a 12-day low of under $41,400.
Most larger-cap alts have also retraced on a daily scale, with SOL and AVAX losing the most (around 6% each).
$BTC Stopped at $43K
Ever since last weekend, when $BTC failed to decisively overcome $44,000, the asset has struggled to maintain its momentum. It started losing value at the start of the business week, which resulted in a price drop to $41,600 on Tuesday.
The bulls came out of hiding at this point and propelled an impressive leg up that pushed the asset to just under $44,000 a day later. However, this move was short-lived, and $BTC quickly retraced by over a grand.
Friday saw another push that brought bitcoin to just over $43,000. Yet, the scenario repeated, and the bears drove the cryptocurrency down to $41,300 for the first time since December 18. As of now, $BTC trades a few hundred dollars above that level, but its market cap has slipped to $815 billion.
Its dominance over the alts has taken a breather, but it is still below 50% on CMC after losing more than 1% in days recently.
$BSV Outperformers Everyone
Most of the larger-cap alts have mimicked $BTC’s performance over the past 24 hours and have turned red. Some of the most losses come from Solana and Avalanche as both assets have dumped by 7-9% today.
Polkadot (-5.5%), Polygon (-6%), and Chainlink (-6%) follow suit. Ethereum, Binance Coin, Ripple, Cardano, Dogecoin, and Tron are also in the red, albeit in a more modest fashion.
Toncoin, Bitcoin Cash, ICP, and LDO are the only exceptions from the top 36 alts with impressive gains today.
Bitcoin Satoshi Vision ($BSV) stands out as the top performer on a daily and weekly scale, with pumps of 20% and 110%, respectively. As a result, the Craig Wright $BTC version has soared to a multi-month peak of $100 as of now.
The total crypto market cap, though, has seen $40 billion gone overnight and is down to $1.630T on CMC.
