Bitcoin Price Struggles at $21K, EOS Soars 20% (Market Watch)
EOS has gained the most from the altcoins, followed by ATOM. Bitcoin currently stands above $21,000.
Bitcoin continues to consolidate around the $21,000 mark after dipping below that level on multiple occasions yesterday.
Most altcoins are well in the green on a daily scale, with EOS emerging as the most impressive gainer following a double-digit price surge.
Bitcoin at $21K
The primary cryptocurrency fell hard last week, dumping from a multi-month high of over $25,200 to a multi-week low of under $21,000. This all happened in less than seven days.
As such, when the weekend arrived, the asset had calmed and traded mostly in a range between $21,000 and $22,000. The start of the current week also lacked any firecrackers. Yesterday saw a few price dips below $21,000 but BTC managed to recover those losses rather immediately.
As of now, the cryptocurrency has jumped to above $21,000 and stands $500 north of it. Consequently, its market cap has managed to defend the $400 billion level. Its dominance over the altcoins has also taken a breather and sits just over 40%.