Nite
Valued Contributor
The crypto market experienced a dip of 1.7% in the past 24 hours, with the total market capitalization falling to $2.29 trillion. Bitcoin saw a decline of 1.1%, while Ethereum dropped by 3%. However, Solana stood out with a 4% increase, bucking the overall downward trend.
On Monday, Bitcoin faced a second unsuccessful attempt in two weeks to surpass its 50-day moving average. The price rose from $64.5K to $65.5K but was met with significant selling volume, causing it to retreat to $62.6K by the end of the day. The positive performance of Asian and European stock exchanges has fueled interest in Bitcoin, and it is possible that further attempts to break above the 50-day moving average will occur.
On Monday, Bitcoin faced a second unsuccessful attempt in two weeks to surpass its 50-day moving average. The price rose from $64.5K to $65.5K but was met with significant selling volume, causing it to retreat to $62.6K by the end of the day. The positive performance of Asian and European stock exchanges has fueled interest in Bitcoin, and it is possible that further attempts to break above the 50-day moving average will occur.
