Bitcoin’s price tapped a five-day high earlier this morning at $68,400, only to be rejected and driven south by almost two grand in hours after the latest controversial developments on the Middle East war front. Most altcoins have followed suit, dropping by 2-3% in the past day.
Key takeaways
Quick scan — what you need to know:
- Bitcoin’s price tapped a five-day high earlier this morning at $68,400, only to be rejected and driven south by almost two grand in hours after the latest controversial developments on the…
- Most altcoins have followed suit, dropping by 2-3% in the past day.
- HYPE and XRP have dropped the most from the top 25 alts.
- BTC Down Again Bitcoin challenged the $72,000 resistance on a couple of occasions during the previous business week, but to no avail.
Background
What led here, in plain terms:
- The second failed attempt took place on Wednesday morning, but the bears were quick to intervene and began a gradual correction that drove BT south to $69,000 on Thursday.
- Another, more painful decline took place on Friday when the cryptocurrency fell to $65,600, dragging the overall market sentiment back to extreme fear levels.
- After a quiet weekend in which it traded above $66,000, BTC dipped once again on Monday morning to a new monthly low of just under $65,000, where it found support and jumped to $68,000.
- More volatility ensued , with another drop to $66,300 and a surge to $68,400 earlier this morning, before the bears stepped up again and bitcoin now struggles below $67,000.
Why it matters
Why readers and decision-makers should care:
- The total crypto market cap has shed over $30 billion daily and is down to $2.380 trillion on CG.
- Cryptocurrency Market Overview March 31.
- Source: QuantifyCrypto The post BTC Fails at $68K After Latest War Moves, XRP Drops to Key Support: Market Watch appeared first on CryptoPotato.