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All of the CoinDesk Market Index sectors suffered losses, underscoring the broad weakness in crypto prices. (CoinDesk) All of the CoinDesk Market Index sectors suffered losses, underscoring the broad weakness in crypto prices. (CoinDesk)

Bitcoin Slides Below $62K as Consolidation Drags on, but Traders Eye Possible Parabolic Rally

“Altcoin investors need to keep the faith. It’s tough out there, but the underperformance of alts vs. bitcoin has been difficult,” Charlie Morris, founder of ByteTree, wrote in the report. “The good news is that positioning is light, and so when the good times return, there is the potential for yet another strong altcoin rally.”

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Krisztian Sandor

https://www.coindesk.com/markets/2024/08/27/bitcoin-slides-below-62k-as-consolidation-drags-on-but-traders-eye-possible-parabolic-rally/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

2024-08-27 17:49:02

bitcoin
Bitcoin (BTC) $ 67,556.10 1.65%
ethereum
Ethereum (ETH) $ 2,614.01 0.97%
tether
Tether (USDT) $ 1.00 0.15%
bnb
BNB (BNB) $ 600.62 1.68%
solana
Solana (SOL) $ 153.89 0.32%
usd-coin
USDC (USDC) $ 1.00 0.12%
xrp
XRP (XRP) $ 0.549393 1.64%
staked-ether
Lido Staked Ether (STETH) $ 2,612.74 0.98%
dogecoin
Dogecoin (DOGE) $ 0.126723 11.25%
tron
TRON (TRX) $ 0.159945 0.74%
the-open-network
Toncoin (TON) $ 5.23 0.96%
cardano
Cardano (ADA) $ 0.354157 0.13%
avalanche-2
Avalanche (AVAX) $ 27.91 0.35%
shiba-inu
Shiba Inu (SHIB) $ 0.000019 4.42%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,091.94 1.40%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 67,435.07 1.77%
weth
WETH (WETH) $ 2,615.13 1.11%
bitcoin-cash
Bitcoin Cash (BCH) $ 362.59 2.84%
chainlink
Chainlink (LINK) $ 11.25 0.18%
polkadot
Polkadot (DOT) $ 4.32 0.75%
near
NEAR Protocol (NEAR) $ 4.98 0.04%
dai
Dai (DAI) $ 1.00 0.10%
sui
Sui (SUI) $ 2.11 4.50%
uniswap
Uniswap (UNI) $ 7.61 2.43%
leo-token
LEO Token (LEO) $ 6.10 0.80%
litecoin
Litecoin (LTC) $ 69.94 0.40%
aptos
Aptos (APT) $ 9.99 3.44%
pepe
Pepe (PEPE) $ 0.000011 4.54%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,745.50 0.99%
bittensor
Bittensor (TAO) $ 581.98 1.70%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.44 0.39%
internet-computer
Internet Computer (ICP) $ 7.92 0.85%
kaspa
Kaspa (KAS) $ 0.130825 1.81%
ethereum-classic
Ethereum Classic (ETC) $ 19.44 1.36%
first-digital-usd
First Digital USD (FDUSD) $ 0.998913 0.14%
monero
Monero (XMR) $ 156.26 2.48%
stellar
Stellar (XLM) $ 0.094989 2.55%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.37072 0.75%
blockstack
Stacks (STX) $ 1.85 3.67%
dogwifcoin
dogwifhat (WIF) $ 2.66 3.32%
immutable-x
Immutable (IMX) $ 1.53 1.33%
okb
OKB (OKB) $ 41.16 0.37%
ethena-usde
Ethena USDe (USDE) $ 0.999404 0.06%
whitebit
WhiteBIT Coin (WBT) $ 16.35 0.12%
aave
Aave (AAVE) $ 156.81 0.56%
filecoin
Filecoin (FIL) $ 3.77 0.98%
optimism
Optimism (OP) $ 1.74 1.99%
crypto-com-chain
Cronos (CRO) $ 0.079123 2.76%
render-token
Render (RENDER) $ 5.39 0.42%
fantom
Fantom (FTM) $ 0.747951 1.72%