Bitcoin struggles at $ 50,000, Tezos skyrockets 30% after Ubisoft News

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Bitcoin tried another head start in the past 24 hours, but was stopped at $ 52,000 and climbed back to just over $ 50,000. Most altcoins have also stalled since yesterday’s increases, with a few exceptions such as Tezos, which jumped almost 30% in one day.

Bitcoin failed at $ 52,000

CryptoPotato reported on Saturday the massive crash that took bitcoin from $ 58,000 to a low of $ 42,000 in two months, resulting in more than $ 2.5 billion in liquidations of 400,000 over-indebted traders.

Assets started to recover on Sunday, but came to a halt near $ 50,000. However, he managed to break through that level yesterday.

Moreover, BTC continued to climb in the following hours and even hit $ 52,000. This is where the bears once again stepped up and pushed him south again. As a result, bitcoin now stands at just over $ 50,000 and its market cap has fallen to $ 950 billion.

BTCUSD. Source: TradingViewAltcoins Stall: XTZ explodes

Most of the alternative coins have mimicked BTC’s performance lately, meaning they lost value on Saturday and posted impressive gains yesterday.

Today, however, most have stagnated or even turned back. Ethereum went from $ 4,600 to $ 3,500 in hours during the crash and topped $ 4,400 yesterday. After a minor 24-hour drop, however, ETH is below that line. Binance Coin lost a similar percentage and now stands at $ 585.

Solana fell the most against the larger cap alts. A 6.5% drop drove SOL well below $ 200. Cardano (-5.5%), Avalanche (-5%), Terra (-03%), and Shiba Inu (-3%) are also in the red.

Ripple and Dogecoin are slightly in the red, while Polkadot has gained 1%. Chainlink is the biggest winner of the larger cap altcoins, rising 11.5% to $ 22.

Tezos sets itself apart from the small and mid-cap alts. XTZ jumped nearly 30% following a partnership with gaming giant Ubisoft.

Overall, however, the cryptocurrency’s market cap has shrunk by $ 50 billion in one day and is well below $ 2.4 trillion.

Overview of the cryptocurrency market. Source: Quantify Crypto SPECIAL OFFER (Sponsored) $ 100 free Binance (exclusive): Use this link to sign up and receive $ 100 free and 10% discount on Binance Futures fees in the first month (terms).

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TradingView cryptocurrency charts.

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