ETH Steals the Spotlight, BNB Taps New Record, BTC Cools Off: Your Weekly Crypto Recap
Another volatile and eventful week passed by in the cryptocurrency markets, but the overall sentiment is that the winds are changing as altcoins have emerged in the spotlight.
This is mostly because bitcoin has started to lose traction. Recall that the primary cryptocurrency skyrocketed to a new all-time high at the beginning of last week when it briefly exceeded $123,000. While that was spectacular on its own, it didn’t last long, and the asset retraced almost immediately by seven grand.
What followed for the next ten days or so was sideways trading. BTC remained confined in a relatively tight range between $117,000 and $120,000 as each attempt for a breakout was met with a forceful rejection.
The most violent one…
