Bitcoin initiated another leg up towards $24,000 but failed inches away from it, and the subsequent rejection brought it down by almost $1,000.
Most altcoins are also slightly in the red today. SOL is among the poorest performers on a weekly scale amid the latest network issues.
Bitcoin Stopped Ahead of $23K
BTC tried to overtake $25,000 three times in the past few weeks but to no avail so far. The latest attempt came a week ago, but the asset slumped by over $1,400 in the following hours. The landscape took another turn for the worse on Friday when the US announced the January PCE numbers.
Bitcoin slipped by another grand and fell to a multi-week low of under $22,800 during the weekend. It bounced off rather quickly and reclaimed $23,000, as reported yesterday.
The bulls tried to take it up a notch by pushing it toward $24,000. BTC came just inches away from tapping that level but failed and was driven back down to $23,300, where it currently sits as well.
As such, its market capitalization has declined to $450 billion, while its dominance over the alts stands at 42.3%.
SOL Down Double Digits
CryptoPotato reported yesterday about the network issues Solana experienced during the weekend. The blockchain was down for almost a full day, and the dev team failed to locate where the issue came from.
Although the network is back online, this latest outage harmed the native cryptocurrency. SOL is down by 2% in the past 24 hours alone, and it even slipped to $21,50 during the weekend. As such, the asset has declined by almost 15% in the past week.
Most of the larger-cap alts are in a similar state. Ethereum, Binance Coin, OKB, Polygon, Polkadot, Shiba Inu, Litecoin, and Avalanche are all down by up to 3% in the last 24 hours.
TONCOIN and EOS are among the few exceptions posting minor gains. The former is up by 2.5%, while the latter has increased by almost 4%.
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.