BTC adds another rejection to its list as Ethereum vs. $ 4K

BTC once again rejected the list and failed to get $ 50,000 back, while Ethereum withstood the $ 4,000 price range and fell almost below that level. So read more on the latest cryptocurrency news today.

Bitcoin tried its luck again to hit $ 50,000 but, like other attempts, failed. Altcoins are undecided in their moves, with almost all of them in the red as Ethereum struggles to stay above $ 4,000. The $ 50,000 level passed again yesterday and bitcoin was hit. It was down to $ 49,000 after a formidable rally started that resulted in a break near the coveted level. Additionally, BTC continues to rise, nearing $ 51,000 for the first time in a few days. The cryptocurrency couldn’t hold up above that, but over the next few hours it fell $ 2,000 to its current position of $ 49,000.

Since the crash on Saturday when BTC fell from $ 58,000 to $ 42,000, the asset hasn’t been able to get $ 50,000 back despite a few attempts.

The current price level means that the market capitalization has fallen again but is still above $ 900 billion. The second largest cryptocurrency also had better days after experiencing a roller coaster ride from $ 4,650 to $ 3,500 in a matter of hours last week before bouncing off and climbing up pretty well. The ETH bears have turned around and pushed the asset south and it is now trading around $ 4000 after another slight daily decline.

Binance Coin is also down 3%, Solana is down 2.5%, Dogecoin is down 2%, CRO is down 1%, all in the red from Altcoins with larger caps. In contrast, Ripple, Terra, Avalanche, Polkadot and SHIB made smaller gains on a daily basis. Revain is the biggest winner, up 40% to close at $ 0.013, while Oasis Network follows with a strong 20% ​​gain. On the other hand, Decred, Near Protocol and Quant with 10% lost the most for the day. The crypto market cap hit $ 2.3 trillion, but it’s now a little over $ 2.2 trillion.

Now Bitcoin has yet to add one more rejection to its list, as it most recently failed to mine $ 50,000. As we saw over the weekend, bitcoin consolidation continues as the asset is still unable to break the $ 50,000 price and the rest of the altcoins are volatile, with Terra and Cardano being the only exceptions. Cardano is up 6% while LUNA is up a similar percentage. The main cryptocurrency has shown increased volatility in the past few days as it tries to break above $ 50,000 a few times, but every time it tries to move it encounters a significant retracement due to the volatility of the bears.