Terra (LUNA) entered the top 10 after a surge of 11% (Market Watch)

Bitcoin continues to grapple with the $ 50,000 mark as the asset was unable to decisively cross it and remains below it for the time being. Most altcoins are also down slightly on the daily scale, with the exception of Terra, which soared more than 10%.

Bitcoin is worth under $ 50k

After the massive price crash that occurred over the weekend, Bitcoin has failed to make any significant gains and decisively break the coveted $ 50,000 level.

This seemed to have happened to the asset two days ago when it was trading well above that line and even hit $ 52,000. However, the bears did not allow further growth.

On the contrary, they pushed the cryptocurrency south and dropped it below $ 49,000 yesterday. In the following hours, BTC made another attempt to raise the rate, reaching $ 51,000.

However, Bitcoin again failed to hold above that level and is currently trading below $ 50,000. Its market cap has dropped below $ 950 billion, and its dominance over altcoins is 40%.

BTCUSD.  Source: TradingView
BTCUSD. Source: TradingView

Terra Soars 10% Alts Retrace

Like Bitcoin, most altcoins have been struggling in the past few days. Ethereum dropped from over $ 4,600 to $ 3,500 during Saturday’s crash, but quickly rebounded to recover $ 4,000. However, on a daily scale, ETH fell 1% to just over $ 4,300.

Solana, Cardano, Polkadot, Dogecoin, Avalanche and Shiba Inu are also slightly in the red since yesterday. In contrast, Binance Coin and Ripple saw marginal gains.

Terra, on the other hand, is up over 10% on the day. As a result, LUNA is now trading at $ 75 and is just inches away from yet another all-time high, which CoinGecko has now set at $ 78. Moreover, now the asset has entered the top ten cryptocurrencies by market capitalization.

More profit from WAX (29%), NEAR Protocol (17%), Celo (12%), Huobi Token (10%) and Gala (10%).

Cryptocurrency market capitalization remains relatively unchanged at just over $ 2.3 trillion.

Cryptocurrency market overview.  Source: Quantify Crypto
Cryptocurrency market overview. Source: Quantify Crypto
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Cryptocurrency charts from TradingView.

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