Market Wrap: Bitcoin Steady Near $59K; Gains in Altcoins Push Crypto Market Cap to $2T
As altcoins rise, bitcoin’s market dominance is down to around 57% from near 73% at the beginning of the year.
Bitcoin’s struggle to retest a key resistance level at $60,000 has “dampened” market sentiment, said one trader.
The price gain came amid new signs of growing mainstream adoption of bitcoin and other cryptocurrencies.
The listing could spur newbie investors to try cryptocurrencies.
The oldest cryptocurrency is looking at a price support level around $54,000, with resistance around $60,000.
Bitcoin traders are increasing their bullish bets in futures markets – and taking more risk.