• Bitcoin (BTC) has slipped below the $30,000 level after several days of trading above it.
• Ethereum (ETH) tapped a new 11-month high.
• Avalanche (AVAX) is the best performer from the larger-cap alts, pumping 6% in the past 24 hours.
Bitcoin Falls Below $30K
After regaining the $30,000 level last week, bitcoin remained mostly above it for the next several days. On Friday, BTC touched $31,000 for the first time since June 2022 but was eventually rejected and dumped to its 5-day low of $29,800 on Sunday.
Ethereum Records New 11-Month High
In contrast to Bitcoin’s performance, Ethereum pumped a bit higher today to register its new highest price level since May last year.
Other Altcoins Performance
BNB, DOGE and SOL are up by impressive percentages while Avalanche (AVAX) remains as the best performer from the larger-cap alts with a 6% pump in 24 hours.
Market Watch
The market watch shows that despite Bitcoin dipping below $30k again, Ethereum and some altcoins have been performing well over the past few days.
Conclusion
Overall it appears that Bitcoin is still finding difficulty staying above 30k with traders now shifting their attention towards other cryptocurrencies such as Ethereum which has set new 11 month highs recently.