Bitcoin’s attempt to exceed the $ 120,000 milestone was stopped once again on its traces, and the asset has dropped almost four to hours before setting up a recovery.
Altcoins are well in red after marking substantial gains yesterday, with Hype, XLM and Hbar displaying the most substantial losses.
BTC rejected at $ 120,000
Since last Monday, when BTC has reached its last level of all time above $ 123,000, it could not resume its momentum, which has switched to altcoins. The following week, the cryptocurrency entered another consolidation phase, losing ground and exchanging laterally around $ 118,000.
He tried to remove the resistance of $ 120,000 on a few times last week but in vain. Subsequent retractions were welcomed by purchasing pressure and Bitcoin returned to its consolidation price again.
The same scenario repeated at the start of the current business week. BTC jumped at $ 120,000 but was arrested in its footsteps and pushed the south to just over $ 116,000. He has recovered land and is now about $ 118,000.
Its market capitalization calmed down at around 2,350 billions of dollars, while its domination over the alts amounts to just over 59% on CG.
Pi defies the trend
Most of the greatest capitalization altcoins were cooled after the gains recorded on Monday. ETH has reached a new peak of several months of around $ 3,800, but it is much $ 3,700 after a daily drop of 4.5%. XRP has come to draw a new summit of all time, but has been stopped and is located at $ 3.45 now. ADA, DOGE, TRX, AVAX have all marked similar losses.
The biggest daily drops, however, come from Hype, XLM, Hbar, LTC, Link and Aave. Sol is among the few exceptions because it touched $ 200 earlier in the day.
The native token of Network is another, because it jumped more than 6% to $ 0.477. Kas is also in green.
The total market capitalization of cryptography has erased about 60 billion dollars since yesterday and is much less than 4 dollars of dollars now.
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