Another day, another pullback. Yesterday’s big $10 billion pump could not be sustained and markets have retreated again this Sunday. Total capitalization has sunk back below $130 billion as crypto assets fail to maintain momentum over the weekend.
Bitcoin hit an intraday high of $3,960 twice but could not break resistance there. A few hours ago a reverse of yesterday’s $200 spike happened and BTC dumped almost 4% in an hour. BTC was back at just over $3,800 where it appears to have found temporary support at the time of writing.