Bitcoin Fights for $30K: Tezos at Monthly High on USDT News (Market Watch)

Bitcoin is still struggling to hold the $30,000 level, and it fell below it just a few hours back. Today, most altcoins are in the red. XTZ is one of the few exceptions to this trend following a major announcement by Tether, the company behind the biggest stablecoin.

Bitcoin to Survive Above $30K

The week began with a wild ride, which saw bitcoin rise from $30,000 to just below $32,000 in a single day. Hours later, the bears reminded us of our presence and drove bitcoin south to $29,000.

The asset hit $31,000 again, proving that volatility is not over. It failed to recover and it retraced back to $30,000.

Bitcoin even fell below this level to $29 500 in the last 24 hours (on Bitstamp). The cryptocurrency is now at $30,000 but its market capital is down to $570billion, and the dominance is at 46.4%.

BTCUSD. Source: TradingView

Important 24-hour BTC News

Jack Dorsey, a prominent BTC advocate, and Jay-Z, the iconic hip-hop artist, teamed up once more to launch a Bitcoin educational program for Marcy Houses residents in Brooklyn.

Despite price fluctuations, bitcoin’s network is becoming more and more robust. This can be seen in the increasing hash rate which reached a new record high.

Jim Cramer, host of CNBC’s Mad Money, explained why he believes BTC or ETH are good investments.

XTZ Sees a Monthly High

Cardano leads the pack of alternative coins (-4%). ADA was the largest gainer among the larger-cap alts, but it has fallen to $0.62 at the moment.

After a minor retracement, Ethereum fell below $1,800. Dogecoin and TRX are slightly in red. Avalanche and Shiba Inu are in the green as well. XRP and BNB are showing small gains.

Solana has reclaimed $40 and has jumped the highest from the top 10 cryptocurrency coins.

XTZ jumped from $2. to nearly $2.4 upon the announcement that Tether would launch on Tezos. This was a monthly record. Although the asset has slightly retraced, it is still in the green on an average scale.

The crypto market cap is still low at just over $1.2 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto
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Marla Brooks

Marla Brooks – Financial Analysis My name is Marla Brooks, and I am the mainstream behind the”observednews.com”  for the powerful and most delicate insights into the latest activities in the financial analysis category. I started my journey as an independent financial consultant. I had approximately nine years of experience in this field. I am free soul so; my passion for exploring the world has taken me to the nations across the globe and given me the chance to report for a portion of the best news associations. Currently, I am a full-time editor as experienced in finance and started to use my abilities.

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