Bit-Coin

Bitcoin Now Likely to Revisit $6Ks After Failing to Break Resistance

#Bitcoin (BTC) closed the week at $7,385, which represented a 1.71% reduction in valuation. The lows for the week were some 4.5% lower at $7,053. But a strong close meant that Bitcoin maintained the $7K handle throughout the week.

Looking at performance relative to its peers, #Ether (ETH) and XRP both outperformed Bitcoin last week against the United States dollar, which is counter-trend to what has been seen in recent weeks. BCH and BSV have also both notably recorded double-digit gains.

As a result, #BTC dominance fell around half a percent to a little over 68%. Bitcoin dominance peaked at 71% in September 2019 but is still up 33% for the year, illustrating the poor year for the alternative cryptocurrencies.