• Bitcoin tested $31K but failed to sustain above it so far.
• BCH is up a whopping 30%.
• Bitcoin’s dominance – the metric which tracks its share relative to that of the rest of the market – is also up.

Bitcoin Tests $31K

Bitcoin attempted to break through the $31,000 level but was unable to sustain above it. Despite this, its dominance over other cryptocurrencies has increased in recent days.

Bitcoin Cash Soars 30%

While Bitcoin did not manage to stay above $31K, some altcoins experienced impressive gains close to 30%.

Liquidations Totaling Over $100 Million

When Bitcoin rose to $31K yesterday, there were liquidations totaling more than $100 million in value. This indicates the significant impact that even small changes in price can have on the crypto markets.

Bitcoin Dominance Up

The increase in Bitcoin’s dominance signifies that it is performing better compared to other cryptos at present. This could be good news for BTC investors who are hoping for further gains in its price over time.

Altcoins Performance Mixed

Overall, while some altcoins performed particularly well posting double-digit gains, others struggled and saw declines in their prices. This shows how unpredictable and volatile cryptocurrency markets can be.

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