Bitcoin Price Struggles at $21K, EOS Soars 20% (Market Watch)

After falling below the $21,000 mark on several occasions yesterday, Bitcoin is consolidating around that level today.

Many altcoins are in the green, with EOS being the most notable gainer after a double-digit price rise.

Bitcoin: $21K

Last week saw the primary cryptocurrency plummet from a multimonth high of more than $25,200 to a low of less than $21,000 over a week. All of this happened in seven days.

The asset traded in a range of $21,000 to $22,000 when weekend arrived. There were no firecrackers at the beginning of this week. Yesterday’s price drop below $21,000 was a common occurrence, but BTC recovered those losses quickly.

The cryptocurrency is now at $21,000, and $500 above it. Its market cap has remained at $400 billion. Its dominance of altcoins has also been reassessed to just above 40%.

BTCUSD. Source: TradingView

EOS steals the show

Although the alternative coins were slightly retraced yesterday, most of them have gone green today.

After last weekend’s spike above $2,050, Ethereum lost more than $500. After a daily 5.5% increase, Ethereum now trades at the second largest level, above $1,600.

After a slight price increase, Binance Coin is only inches away from reaching $300 again. Ripple and Shiba Inu are also now in the green.

Avalanche, Polygon and Polkadot have all seen a more than 5% increase in the past 24 hours. EOS, however, is the largest gainer among the mid-cap alts after a huge 21% surge. EOS trades at $1.8.

ATOM is another outstanding performer. The asset has seen a 15% increase in daily trading, taking it to $11.

After adding $30 billion per day, the crypto market cap has remained at $1 trillion.

Cryptocurrency Market Overview. Source: Quantify Crypto

The first CryptoPotato article was “Bitcoin Price Struggles at $21K”, EOS Soars 20 Percent (Market Watch),”

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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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