Bitcoin Stuck at $19K as Crypto Markets Stagnate (Market Watch)

Bitcoin traded sideways, but was eventually stopped just before it reached $20,000. Altcoins are also in the same position with few notable moves in either direction.

Bitcoin stuck below $20K

Last week’s end of BTC Q2, which also marked the end to the terrible Q2, brought a lot more volatility over the previous days. The cryptocurrency was in a steep slide at the time and fell to a 10-day low below $18,800.

The bulls took over the market and drove the asset up. Within minutes, bitcoin was trading nearly $2,000 higher (closer to $21,000)

However, bearish sentiment persisted and BTC fell below $20,000 shortly thereafter. It then retraced back to $19,000 where it spent the majority of the weekend.

Yesterday’s spike in bitcoin to $19,600 was the exception. However, it was quickly stopped and we are back on familiar ground. Its market cap remains at $365 billion and its dominance is again at 42.2%.

BTCUSD. Source: TradingView
ltcoins are Still Standing

Like Bitcoin, many altcoins have been unstable for days. Ethereum trades at $1,050, according to the example. ETH traded at around $1,050 until the weekend. It was just shy of breaking below $1,000 before the weekend.

BNB remains below $220, ADA at $0.45, MATIC is down by 4% daily, and ADA still under $220. However, Ripple and Solana, Dogecoins, Polkadots, and Shiba Iu have seen insignificant gains.

TRON surged by the most (43% in one day) and trades above $0.065. LEO has risen by nearly 3% to close to $6. The Sandbox saw the largest increase in both the mid- and lower-cap alts. It has experienced a remarkable 5% increase.

At just over $850 Billion, the cumulative market cap for all crypto assets is also stagnant.

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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