Bitcoin Hits $70k Resistance as XRP and SHIB Costs Slide

• Bitcoin has failed to interrupt above the resistance of $70,000.
• XRP is going through resistance across the $0.65 value degree and is down 13% in seven days.
• SHIB has crashed 80% from its all-time excessive and awaiting breakout.

Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, continues to wrestle to interrupt by means of the $70,000 resistance degree regardless of a number of makes an attempt over the previous few days. BTC at the moment hovers round $67,584.44, having risen 0.77% within the final 24 hours. Its market capitalization stands at $1.34 trillion.

Bitcoin fell 1.91% over the previous week however gained a modest 2.49% over the previous 30 days. The main cryptocurrency trades simply 8.36% beneath its all-time excessive of $73,750, in keeping with CoinMarketCap knowledge. Since October 2023, BTC soared 98.15%.

As seen from the chart beneath, Bitcoin examined the $65,000-$66,000 assist degree a number of occasions in current days and now encounters robust resistance at $70,000. Buying and selling quantity declined amid market uncertainty.

Learn additionally: Bitcoin ETFs See $1B Weekly Influx as Bitcoin Battles to Break $70K, Dominance Spikes to 59.75%

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