After numerous consecutive days of charting impressive gains, Bitcoin has calmed at just under $52,000.
The altcoins have also stalled following the recent price surges, with ETH dipping below $2,800 and AVAX slipping below $40.
The primary cryptocurrency had a highly impressive run over the past ten days. It all started on February 7 when the asset finally broke out of its tight range in which it stood for a week – at around $43,000.
The bulls took complete control of the market and initiated a few consecutive price jumps that resulted in BTC knocking on the $50,000 door by the end of that week. After a brief rejection, the cryptocurrency went on the offensive once again and reclaimed that level on February 12 (Monday).
The US CPI numbers pushed it south by a few grand, but that was short-lived. The asset started rising in value once again and soared to $52,900 on Thursday to mark its highest price tag since late 2021.
However, it failed to overcome that line and the subsequent rejection pushed it south by a grand on Friday. Since then, BTC has been quite sluggish and now stands inches below $52,000.
Its market cap is still above $1 trillion on CoinGecko, while its dominance over the alts has increased back to 50%.
Most altcoins followed BTC on the way up, and some even outperformed the largest digital asset yesterday. Now, though, most have retraced slightly.
Ethereum leads this adverse daily trend with a minor decline that has pushed it back down to under $2,800. SOL has lost the $110 level, while AVAX is below $40 now.
Further losses come from the likes of XRP, ADA, DOGE, DOT, LINK, and TON. In contrast, TON has jumped by almost 3% and sits above $0.13.
The total crypto market cap has lost about $15 billion overnight but still stands above $2 trillion.
