Bitcoin Pulls Back Below $67K; Is Another Crypto Rally Failing?

Coindesk
2024-10-21

Following a failed challenge of the $70,000 level during early Monday trading hours in Asia, bitcoin (BTC) fell below $67,000 in U.S. morning action.

Recently, bitcoin's price was lower 2.3% over the past 24 hours, underperforming the broad-market CoinDesk 20 Index's 1% loss during the same period. Ethereum's ether (ETH) was also down nearly 1%, while litecoin (LTC), polkadot (DOT) and the internet Computer Protocol's token (ICP) led losses with 4%-5% declines.

A notable outperformer was Solana (SOL) with 2.4% gain to $163, though still down from its $170 weekend high.

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