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Bitcoin has launched another step in the last 24 hours, typing a new five-month high to a little less than $24,000.
Altcoins are slightly in the red on a daily scale, which contributed to the increase in btc domination to more than 42.5%.
Bitcoin Touched $24K
It was less than two weeks ago when bitcoin dipped below $20,500 when it seemed that the 2023 rally has been halted in its tracks. However, the asset did not delay in recovering the losses and realized further gains in the days that followed.
The weekend was especially impressive as the BTC went from $21,000 to more than $23,000. Last week saw a lot fewer price fluctuations, and BTC remained around $23,000 for most of it, aside from a pump to $23,800 on Wednesday.
The weekend was quieter too, with Bitcoin trading at $23,000. However, the scenery began to change early Monday morning as btc jumped to $23,968 (on bitstamp) for the first time since the middle of August last year. Aside from being a multi-month high, this price expansion led to putting many of the 2019 buyers in profit.
However, the bears picked up the movement and pushed the btc southward by nearly $1,000. As such, Bitcoin is now within a few centimeters of $23,000. However, the bears caught the movement and pushed BTC southward by nearly $1,000.
Alts in Red
The altcoins were also calmer during the weekend, but most have turned red on a daily scale now.
Most of them are turning red on a day-to-day scale now. Ethereum is below $1,600 after a minor daily retracement, while nbb kept above $300 even though that's a 1.3% drop over the day. Most of them are turning red on a day-to-day scale now.
Ethereum is below $1,600 after a minor daily retracement, while BNB kept above $300 although that's a 1.3% drop over the day.
All of them are down by between 2.5% and 4%. Lido dao native cryptocurrency has slipped by over 5%
They are all down two and a half to four per cent.
