Bitcoin Dips Early but Recovers

July 6, 2022 World Blockchain

In its ongoing moves above and below the $20K threshold, bitcoin took the latest in a series of recent, small dives during Asian market hours Tuesday but later regained its perch above the psychologically important mark.

The largest cryptocurrency by market capitalization was recently trading at about $20,300, up roughly 2% for the last 24 hours. Investors see $20,000 support as a gauge of the current bear market’s staying power.

Ether, the second-largest crypto by market cap, was changing hands at about $1,140, up slightly for the same period. Other major cryptocurrencies by market cap in the CoinDesk top 25 were largely up from the previous day with AVAX and SAND among the biggest winners, recently rising more than 9% and 5%, respectively. LTC recently dropped nearly 2%.