Bitcoin touched $60K this week, for the first time since April. This happened on the back of a rumored approval of a futures-backed BTC ETF.
After a six-month hiatus, bitcoin met the coveted $60,000 level before retracing by roughly $1,000. Ethereum went above $3,800 briefly.
The crypto market cap is up by more than $100 billion in a day following impressive gains charted by BTC, DOT, LINK, and other alts.
Bitcoin failed at $58,000 and dropped by more than $3K in a day, as Binance Coin spiked 15% to its highest price line since September 7th.
Most altcoins are covered in red with notable losses. Bitcoin, on the other hand, came inches away from $58,000.
Bitcoin Skyrockets to 5-Month High: Dominance Soars as Altcoins Lose Value Against BTC (Market Watch)
Bitcoin's dominance continues to increase as the alternative coins lose ground against their leader, which touched $57,000 earlier.
Bitcoin took another swing at $56,000 but to no avail so far. However, BTC's dominance over the alts has increased further.
Shiba Inu's volatility continues with a massive leg up this time of 35%. Bitcoin has remained still around $55,000.
Bitcoin had an incredible week of trading as its price reached levels not seen since the mid-May highs. This happens on the back of a considerable 25% increase in the past seven days.
Bitcoin marked its new highest price line since mid-May at $56,000, while Shiba Inu has retraced by roughly 30% in a day.