ARB was rejected violently at the $0.20 resistance and it’s down by over 13% daily.
Bitcoin tried to take down the coveted $80,000 level once again on Monday morning but was denied once again, dipping below $79,000 before it found some support.
Ethereum remains inches away from $2,500, while XRP fights for the $1.40 support. LINK, TAO, MNT, ICP, and WLD have marked major gains from the larger caps.
BTC Fails at $80K
The primary cryptocurrency’s attempts to surge past $80,000 and $81,000 have been halted every time, starting from the middle of the last full week of August. At the time, it tried twice, only to be pushed south to under $77,000 on Friday after the hawkish speech by Kevin Warsh.
Nevertheless, it rebounded over the previous weekend and tapped $79,000 last Sunday before the resumed strikes in the Middle East resulted in another leg down to $77,000. The selling pressure built on in the following days, and BTC slipped to $76,400 on September 2/3.
This is where the bulls stepped up and didn’t allow another leg down. Instead, bitcoin went on the offensive on Thursday and skyrocketed by several grand to $82,400, the highest level reached since mid-May. Another rejection followed, though, after the strong US jobs report on Friday, and BTC dived to $78,800.
The weekend was less eventful, with BTC spending it trading sideways between $79,000 and $80,000. It tried to overcome the upper boundary on Monday morning, but it was stopped at $80,500 and pushed south to just under $79,000. It has rebounded to just over that level now, with its market cap remaining at $1.6 trillion on CMC.
PI Above $0.09, ARB Falls
Most large-cap alts have marked minor losses over the past 24 hours, with ETH struggling below $2,500, BNB dipping beneath $750, and XRP fighting to stay above $1.40.
In contrast, LINK has soared by 9% to well over $13, TAO is up by 14% to $267, MNT sits at $0.635 after a 7.5% daily jump, ICP has gained 12.6%, and WLD has rocketed by over 14.5%. ARB, on the other hand, was rejected at $0.20 and now sits 13% lower than its peak yesterday.
Pi Network’s native token remains well above the $0.09 support and even challenged the key $0.095 resistance, but it remains inches below it as of press time.
The total crypto market cap has remained at essentially the same spot as yesterday at $2.710 trillion on CMC.
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Credit: Source link
