Bitcoin Hits Resistance as Altcoins Retrace Gains

Bitcoin's price surge to almost $73,000 was met with resistance, causing it to dip below its previous peak of $72,000.

The asset's market capitalization slipped to $1.420 trillion, while its dominance over the altcoins increased to 57% on CG.BTCUSD.

Most altcoins have also erased a significant portion of their gains from yesterday, with Ethereum sliding below $2,200 and LINK and XLM dropping by 5% each.

The total crypto market cap has dropped by around $50 billion since yesterday's peak and is now at $2.5 trillion on CG.Cryptocurrency Market Overview.