top partner

for CFD

The weekend saw the broader correction within the cryptocurrency market continue, and most projects failed to stage any sort of recovery.

Bitcoin’s price is declining toward $27K and, at the time of this writing, is trading slightly above it. The past 24 hours offered no relief to altcoins as well, with most of them continuing their downfall. Let’s dive in.

Bitcoin Price Struggling Around $27K

The beginning of the new week has done little to help Bitcoin in its attempt to recover. In fact, the price continues declining, and it looks like $27K is the next level that the cryptocurrency will visit.

Source: TradingView

It’s worth noting that BTC attempted to reclaim $28,000 but was abruptly stopped at around $27.8K, where the bears took complete control. Every hourly candle since then has been red.

This previous week saw BTC lose the most value in five months. It’s down roughly 10% compared to where it was trading seven days ago.

Altcoins Continue Suffering

The altcoin market also failed to produce any meaningful recovery during the past 24 hours. Ethereum is trending towards $1.8K, down 2.1% on the day, much like the majority of the major alts by means of total market capitalization.

As seen in the heatmap below, it’s not looking very pretty.

Source: Quantify Crypto

Injective Protocol (INJ) is the worst performer from the past 24 hours, losing over 12% in the period. The cryptocurrency is now down over 30% in the past seven days alone. Trailing right behind is Arbitrum’s ARB, which also lost around 10% today.

On the other end of the spectrum, there’s Kaspa (KAS) and Bitget Token (BGB), both of which are up over 6% in the past 24 hours. Apart from them, though, it’s all red.

The post Bitcoin Struggles Above $27K, Injective (INJ) Nosedives 12% Daily: Market Watch appeared first on CryptoPotato.

Read the full story: Read More“>

Blog powered by G6

Disclaimer! A guest author has made this post. G6 has not checked the post. its content and attachments and under no circumstances will G6 be held responsible or liable in any way for any claims, damages, losses, expenses, costs or liabilities whatsoever (including, without limitation, any direct or indirect damages for loss of profits, business interruption or loss of information) resulting or arising directly or indirectly from your use of or inability to use this website or any websites linked to it, or from your reliance on the information and material on this website, even if the G6 has been advised of the possibility of such damages in advance.

For any inquiries, please contact [email protected]