BTC battle for $20,000 continues as Altcoins stay mostly red (Market Watch)

Over the past 24 hours, the vast majority of cryptocurrencies have shown a slight decline with the total market capitalization, once again, approaching the desired trillion dollar mark. Bitcoin continues to flirt with $20K, while Ethereum and most digital currencies are mostly trading in the red.

The fight for $20,000 continues

$20,000 is an important psychological and technical level for Bitcoin. It is the peak of the famous bull market in 2017-2018, and it is crucial for the cryptocurrency to hold its price higher than it to prevent further declines.

Over the past 24 hours, the battle between bulls and bears has continued. At the time of writing, the cryptocurrency is down 1.5% on the day and is trading at less than $20K. That’s 7% lower for the week.

Source: Binance via TradingView

As can be seen in the chart above, volatility has also decreased significantly over the past 24 hours, in contrast to the day before when it fell towards the lows of $19,500 only to bounce back above $20K shortly after.

Altcoins in red

With a few small exceptions, the broader cryptocurrency market today is largely painted in the red.

altcoins_heatmap0109
Source: Quantify Crypto

Ethereum is down about 1.4% in the past 24 hours, with most altcoins giving similar results. HNT lost helium – about 11%, followed by MKR, which decreased by 6%.

At the other end of the spectrum, NEXO is up 2.8% in the past 24 hours. Overall, it was a relatively quiet day, at least in terms of price.

The feeling also subsided and he fell back into a state of intense fear.

BTC battle continues for $20K while Altcoins mostly appear in red (Market Watch) for the first time on CryptoPotato.

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