BTC Struggles at $70K, SOL Nears $200 in Weekend Watch


The price of Bitcoin has reached $70,000 after dropping below this level yesterday. Meanwhile, other altcoins such as ETH, BNB, DOGE, and SHIB have been experiencing daily losses, but SOL has been performing better, currently trading close to $200.

BTC’s return to $70,000 came after a quiet weekend, with the asset rising from $64,000 to $66,000 before reaching $70,000 on Tuesday. However, it was rejected at $72,000 and dropped to $68,400. Despite a brief recovery to $72,000, BTC fell to $69,200 yesterday. Its market capitalization is still short of $1.4 trillion, and its dominance over altcoins remains at 49.7%.

In contrast, SOL has been one of the top performers, gaining almost 6% overnight and approaching $200 again. Other top gainers include TON and BCH, while ETH, BNB, SHIB, and DOGE have seen slight declines. The total crypto market cap is currently below $2.8 billion.

On the other hand, altcoins such as Ripple, Cardano, Avalanche, Polkadot, Chainlink, and Tron are also in the green, although to a lesser extent. BCH has been rising ahead of its second halving in a few days, currently trading at over $600.

The cryptocurrency market overview shows a total market cap of $2.8 billion, according to QuantifyCrypto. As a special offer for CryptoPotato readers, Bybit is offering a free $500 BTC-USDT position for those who register and open a position worth $500. However, it is important to do your own research before making any investments.

Charts provided by TradingView.

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