Bitcoin holds $83,000-$85,000 range as Ethereum retakes $2,700

  • Bitcoin traded within an $83,000-$85,000 range after failing to sustain higher levels.
  • $1.680 trillion was Bitcoin's market capitalization, while dominance stood at 58.6%.
  • Ethereum regained $2,700, while LINK, XLM and HBAR posted double-digit gains.

Bitcoin was described as trading within an $83,000-$85,000 range after a volatile rebound and several failed attempts to break above $85,000 and $87,000. The cryptocurrency had fallen to $80,000 over the weekend before gaining more than $7,000 in roughly 12 hours, reaching above $87,000 for the first time since late January. Subsequent sell-offs pushed it below $84,000 and as low as $82,800, while another bearish attempt failed to break $82,500. Ethereum rose more than 3% over 24 hours and moved above $2,700, while LINK, XLM and HBAR recorded double-digit gains. Bitcoin's market capitalization stood at $1.680 trillion, with dominance over alternative cryptocurrencies at 58.6%, and the total crypto market capitalization rose to $2.860 trillion.

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Bitcoin holds $83,000-$85,000 range as Ethereum retakes $2,700 - CoinPost Terminal