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Latest Events in the Crypto Industry

Bitcoin Nears $48K Again

While some of the alternative coins are charting fresh records, the primary cryptocurrency has struggled lately. It failed to remain above $49,000 during the weekend, and the bears took advantage to push it south again.

This resulted in breaking below $48,000 and $47,000 hours ago. In fact, BTC went as low as $46,730 (on Bitstamp) earlier today.

Since then, though, the situation changed to a large extent, and bitcoin spiked by more than $1,000. As a result, it came close to $48,000, but so far has failed to overcome it.

Its market capitalization is still stuck at $900 billion, but the dominance over the altcoins keeps decreasing and is below 43% as of writing these lines.