BTC Is Still Stuck At $19K With Crypto Markets Stagnating

BTC is still stuck at $19K with the crypto markets stagnating and being untypically stable with failure to return any volatility so let’s have a closer look at today’s latest Bitcoin news.

Bitcoin continued to trade sideways but was stopped before coming close to $20,000 and the altcoins were in a similar position with a few notable movements in either direction. Last week we saw the end of the horrific second quarter for Bitcoin which delivered more volatility than the past few days. The cryptocurrency was crashing hard and dropped to a 10-day low of below $18,800. the bulls took control over the market and pushed the asset north so in a matter of minutes, BTC found itself trading $2000 higher.

The bearish market sentiment continued and BTC dropped below $20k right after. It retraced to $19,000 where it spent most of the weekend as well. The only exception came when BTC surged to $19K but got stopped in the way and it is back to familiar levels now. The market cap is still around $365 billion with the dominance over the altcoins being at 42.2%.

BTC is still stuck at $19K now but most of the altcoins are being untypically stable and have been for a few days now. Ethereum continued to trade at $1050 and until the start of the weekend, ETH was close to breaking below $1000 and stood at $1100. BNB is still under $220, MATIC is down by 4% and ADA is set at $0.45. LEO is up by 3% while The Sandbox saw the biggest icnrease of 5%. the cumulative market cap of all assets remained stagnant at over $850 billion.

Bitcoin sinks below $19K as the weekend continues to be calm compared to the previous days as the asset still sits around the $19K level and other altcoins are in a similar position with almost no movements from the larger cap ones. Last week was not well for the main cryptocurrency which spiked to $22K at one point but then as it happened a few times in the past, it failed to continue its upward movement and reversed its trajectory quite fast.