After reaching a 10-day high, the price of bitcoin has experienced a slight loss in momentum but remains around $27,000. Most alternative cryptocurrencies, or altcoins, have also seen minor losses today, with the exception of Chainlink (LINK), which has experienced a price pump and now sits above $8.
Over the weekend, bitcoin remained relatively stable, recovering some of the losses from Thursday and maintaining a price of around $26,600. However, on Monday, the cryptocurrency experienced a significant drop, falling below $26,000. Thankfully, the bulls stepped in at this point and prevented further declines. In the following days, bitcoin gained some ground and attempted to break through the $27,000 mark on Wednesday, but was unsuccessful.
Despite another charge by the bulls towards the end of the week, resulting in a brief spike above $27,000, bitcoin has been unable to sustain further upward movement and has experienced a decrease of a few hundred dollars. Its market capitalization has also retraced slightly to $525 billion, with its dominance over other altcoins at 48.9%. Meanwhile, Chainlink’s native token, LINK, has been performing well lately, with a 3% daily and 15% weekly increase, reaching a two-month high above $8.
Keywords: bitcoin, BTC, cryptocurrency, price, altcoins, Chainlink, LINK, market capitalization, bulls.
Hashtags: #bitcoin #cryptocurrency #priceanalysis #altcoins #Chainlink #LINK
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