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Bitcoin Price Falls Below $27,000, The Sandbox (SAND) Rises 6% Daily (Market Watch)
Bitcoin tried to break the $27,500 mark again yesterday but was rejected and pushed back down. Most altcoins are also in losses today, with ETH slipping below $1,900. XRP, on the other hand, is up just over 2% in a day. BTC Falls Below $27,000 Despite the positive start last week that propelled BTC to a three-week high of $28,500, the seven-day period didn't end particularly well for the asset. On Friday it fell to a weekly low of $26,500 (on Bistamp), but was able to recoup some of the losses by the weekend. As in previous weeks...
Bitcoin Price Falls Below $27,000, The Sandbox (SAND) Rises 6% Daily (Market Watch)
Bitcoin tried to break the $27,500 mark again yesterday but was rejected and pushed back down.
Most altcoins are also in losses today, with ETH slipping below $1,900. XRP, on the other hand, is up just over 2% in a day.
BTC fell below $27,000
Despite last week's positive start that propelled BTC to a three-week high of $28,500, the seven-day period didn't end particularly well for the asset. On Friday it fell to a weekly low of $26,500 (on Bistamp), but was able to recoup some of the losses by the weekend.
As with previous weeks, the weekend was fairly quiet, with BTC spending most of it at around $27,000. It initiated a rise that pushed it to a multi-day high near $27,500, but the bears intercepted the move and did not allow further increases.
On the contrary, Bitcoin went straight down, taking it to its lowest level since Friday, below $27,000. As a result, BTC’s market cap fell by over $5 billion to $520 billion in a day. Its dominance over alts has also suffered another slight dip, falling to 45.8%.
BTCUSD. TradingView
SAND defies market sentiment
Most altcoins have followed BTC south. Ethereum is a prime example as it has fallen below $1,900 after a minor daily decline. Binance Coin is also on the verge of breaking below $300 after a 2% decline.
Cardano, Dogecoin, Polygon, Polkadot and Shiba Inu have all declined by similar percentages. Litecoin has lost even more value as LTC fell by almost 3% in a day.
Ripple, Solana, Tron and Avalanche, however, posted insignificant gains. The sandbox is the only notable winner in the last 24 hours. SAND is up more than 5% and is trading at $0.6.
However, the total crypto market capitalization has fallen by over $15 billion since yesterday's peak and now stands at $1.135 trillion.
Overview of the cryptocurrency market. Quantify Crypto