\n\t\t\t\t\t\t\t\t\tThis unexpected calmness in the market is unlikely to last. \t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Bitcoin\u2019s price dipped below $88,000 yesterday but has rebounded to almost $90,000 as of now, which is essentially where it has sat for a few consecutive days.<\/p>\n
Most altcoins are also quite sluggish on a daily scale, which raises the question of whether this is just the calm before the storm, given the economic week ahead.<\/p>\n
BTC Back to $90K<\/h2>\n
The primary cryptocurrency tested the $94,000 resistance on a couple of occasions last week, before and right after the US Federal Reserve cut the interest rates<\/a> by another 25 bps. However, it couldn\u2019t continue further north despite both attempts.<\/p>\n After another rejection and a dip below $90,000, BTC went on the run again at the end of the business week, but this time it was stopped at $93,600. What followed was another instant drop on Friday from over $92,000 to under $90,000 in minutes. It found support at $90,000 and spent most of the weekend trading above it.<\/p>\n That floor gave in on Sunday evening when the bears drove bitcoin south to $87,600. It bounced off once again and now stands close<\/a> to $90,000. This level has turned out to be quite significant in BTC\u2019s movements as of late, but there is likely to be more volatility in the week ahead due to these important economic developments<\/a> in the US.<\/p>\n For now, BTC\u2019s market cap remains below $1.8 trillion, while its dominance over the alts is still under 57% on CG.<\/p>\n Ethereum has added over 2% in the past 24 hours and now trades above $3,150 despite some warnings<\/a> about a potential crash to $2,500. TRX is the other notable gainer from the larger-cap alts, while BNB, XRP, and BCH are slightly in the red.<\/p>\n ZEC has dropped by 4% daily, while RAIN has gained 6% and sits at $0.008. More losses come from the likes of NIGHT and M \u2013 the former has dropped by 9% daily, while the latter has lost 7% of value.<\/p>\n The total crypto market cap has remained sideways at around $3,160 trillion on CG.<\/p>\n 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.<\/span><\/span><\/p>\n<\/div>\n<\/div>\nETH Stands Strong<\/h2>\n
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