Bitcoin Dormant at $30K, ETC pumps 10%

Dfi Money was trading above $1100 just a few hours ago, but after Binance delisted it from the Binance futures, the price of Dfi Money dropped by more than 50%, and it is now trading below $600. Luna saw a similar drop, with the price plummeting from $80 to less than a dime.

After yesterday’s drop below $29,000, Bitcoin regained most of its losses but fell short of $30,000 once more. The altcoins have remained horizontal, with only a few noticeable changes in either direction. The most notable gainer is Ethereum Classic.

For more than a week, the primary cryptocurrency has struggled to break over the coveted $30,000 barrier. It made multiple tries to cross that line but was rejected each time, sending it south by a few thousand dollars practically immediately.

The most recent example occurred earlier this week when bitcoin surged to $30,600. The same situation played again, and the asset dropped by $2,000 to a low of $28,600.

Nonetheless, the bulls stepped up and drove it higher. BTC briefly reached $30,000 again but presently lies slightly below it.

As a result, its market valuation has dropped to $565 billion, while its dominance over altcoins has climbed marginally to 44.7 per cent.

Altcoins have recently calmed down as well. Ethereum, for example, has closely tracked bitcoin’s price swings. The mainline that ETH fails to overcome convincingly is $2,000.

Despite a modest daily retracement, it surged above that level two days ago but fell below it yesterday and has held there since. Ripple, Cardano, Solana, Dogecoin, Avalanche, and Shiba Inu are all in the red.

Following a modest gain, Binance Coin has maintained its position above $330. Tron has risen the most of the larger-cap altcoins, gaining 4.4 per cent to $0.08.

While other lower- and mid-cap altcoins are also red, Ethereum Classic has beaten the odds with a 10% rise in a single day.

The post Bitcoin Dormant at $30K, ETC pumps 10% appeared first on FinanceBrokerage.

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