Bitcoin News and Price | Bitcoin.News

Bitcoin’s enhanced volatility resumed in the past 24 hours as the cryptocurrency fell to its lowest price level in five days beneath $35,000. Most alternative coins also experienced similar dips and increased BTC’s market dominance to above 43%.

Bitcoin Dipped Below $35K

After recovering from its most violent losses to $30,000, the primary cryptocurrency was riding high for a few consecutive days. The asset challenged $40,000 on a few occasions and even briefly jumped above it.

However, the bears didn’t allow any further increases and rejected every attempt. CryptoPotato reported yesterday the latest one, after which bitcoin fell by a few thousand dollars somewhat rapidly.

The situation worsened in the following hours as BTC continued to lose USD value. This resulted in a price slump to a five-day low beneath $35,000 (on Bitstamp).

Nevertheless, the bulls stepped up at that moment and pushed bitcoin upwards to its current position of around $37,000.

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Although BTC’s market capitalization remains below $700 billion, its dominance has increased to above 43%.

Privacy Coins Surging

Most of the alternative coins also struggled in the past 24 hours similarly to their leader. Ethereum dipped to around $2,300 but has added roughly $200 since then and currently stands above $2,500.

Binance Coin also fell to just over $310 but has increased to over $340. The rest of the larger-cap alts performed similarly, but on a 24-hour scale, most are slightly in green. This includes ADA (1%), XRP (2.7%), UNI (5%), BCH (4%), LINK (1.5%), and LTC (3.5%).

Cryptocurrency Market Overview. Source: Quantify Crypto

Interestingly, the so-called privacy coins have surged significantly more in the past 24 hours. Monero (XMR) is up by 25% and is nearing $300. Zcash (ZEC) has surged by roughly 30% to $180, DASH (13%) is well above $200, and Horizen (ZEN) has spiked by 21% to $115.

Despite the fluctuations in the past 24 hours, the cumulative market capitalization of all cryptocurrency assets has remained above $1.6 trillion.

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Cryptocurrency charts by TradingView.

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Despite overcoming its nemesis at $60,000 yesterday, bitcoin’s struggles with that particular level continue as the asset has dipped beneath it. Most altcoins have also retraced slightly, with the apparent exception of XRP, which surged to a new 3-year high of $1.4 following more positive news in the ongoing legal battles with the SEC.

Bitcoin Dips Below $60K Again

After a three-week-long wait, bitcoin finally overcame $60,000 yesterday. Furthermore, the cryptocurrency kept going upwards and charted a high of $61,200.

However, the situation has changed since then. Just as the community was over joyous with the developments, BTC started to retrace.

In the following hours, the primary cryptocurrency lost roughly $2,000 of value to a low of $58,300 (on Bitstamp). The roller-coaster continued, though, and BTC spiked above $60,000 again before slipping to its current level of approximately $59,500.

According to the technical indicators, $60,000 remains the first major resistance line in BTC’s way up, followed by $61,170 and the ATH of $61,780. Alternatively, the support levels at $59,070, $58,355, and $57,695 could assist in case of a price breakdown.

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XRP Heads Higher; XLM Enters Top 10

The altcoin market also enjoyed Saturday. Ethereum painted a new all-time high just inches away from $2,200. However, the second-largest cryptocurrency has lost a little more than 2% since then and is down to just above $2,100.

Binance Coin also marched to a new record at $485 but has calmed around $475. Nevertheless, BNB is up by over 40% in the past week.

Polkadot (-5%), Cardano (-3%), Uniswap (-4%), and Chainlink (-3%) have also retraced on a 24-hour scale.

At the same time, Litecoin has jumped by 10% to $250, and Stellar has surged by 25% to $0.61. Moreover, XLM has replaced LINK in the top ten coins by market cap.

Ripple’s performance, though, has trumped all larger-cap altcoins. The blockchain-based payment processor won another legal fight against the SEC as Judge Netburn halted the Commission’s attempts to gain personal financial records of the company’s executives.

The native token skyrocketed by about 40% in the following hours and marked a new 3-year high at $1.4.

More gains come from Elrond (15%), Reserve Rights (13%), Zcash (10%), IOTA (10%), and NEM (10%).

Despite some retracements from Dent (-16%), Holo (-15%), KuCoin Token (-15%), Pundi X (-15%), and more, the crypto market cap has remained above $2 trillion.

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