The largest cryptocurrency has failed to hold above $50,000 amid a downdraft in traditional markets.
Bitcoin's bulls are taking over the market again.
Crypto market appears to be already looking past the harsh correction from earlier this week.
There are signs some of the excessive leverage had been wrung out of the market, implying the potential for a fresh more to the upside, analysts said.
Bitcoin's price has declined 20% since Sunday.
After a lot of drama, bitcoin’s back to trading where it was a few days ago.
There are still several psychological barriers for bitcoin to break, even as it passed a key milestone of $1 trillion in market capitalization.
Bitcoin and ether continue to rise, but that could create problems for overheated derivatives markets.
With all this bullish bitcoin activity, the ETH/BTC pair has gone bearish, a sign traders are selling ether for bitcoin.
Bitcoin and ether had record-breaking days while trending more together.
DeFi and the prospect of trading futures have crypto investors scooping up ETH.
The amount of crypto in USD values locked in decentralized finance has reached $32.8 billion, a new high.
Bitcoin has been trending higher for two days but ether is in the spotlight now.
The last time bitcoin’s closing price was under $30,000 was Jan. 1, according to CoinDesk 20 data.
The investor spotlight is now shining on DeFi tokens and trading.