- Bitcoin has failed to break and hold above $69,000 and turn it into support.
- ETH has displayed underwhelming performance, up 40% in one year.
- Dogecoin has surged 25% in the past 30 days and dominates the meme coin space.
Bitcoin (BTC) has been consolidating between $67,000 and $69,000 for the past week. The cryptocurrency is aiming for higher prices, but buying volume remains low. In the past 24 hours, BTC’s trading volume fell 10% to $30 billion, reflecting a sluggish broader crypto market.
According to CoinMarketCap data, Bitcoin’s market cap stands at a massive $1.4 trillion and the leading cryptocurrency is just 8.6% off from its all-time high of $73,750 witnessed in March this year. Bitcoin has made several unsuccessful attempts to reclaim the $69,000 price level. In the past 24 hours, it reached a daily high of $68,798.96 before falling to a low of $66,683.84.
The Bitcoin Relative Strength Index (RSI) is at 59.41, indicating that bulls are generally in control. However, the RSI suggests that lower prices are possible if buyers don’t step in.
Meanwhile, ETH is trading at $2,480.78, down 2.60% in the past 24 hours, with a market cap of $15.94 …
The post BTC, ETH, DOGE & SHIB Test Investors’ Patience as Market Stalls appeared first on Coin Edition.
Source: https://coinedition.com/btc-eth-doge-shib-test-investors-patience-as-market-stalls/