Bitcoin Nears $110K, DOGE Posts Biggest Daily Gain

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DOGE and AAVE are today’s biggest gainers.

Bitcoin’s rather dull price actions as of late continued in the past 24 hours, even though the asset jumped slightly to over $109,500, where it was stopped almost immediately.

Most altcoins are in the green on a daily scale, with ETH closing down to $2,600 and XRP nearing $2.3.

BTC Taps Multi-Day Peak
The landscape around bitcoin has been quite stagnant since the start of the month. Recall that BTC traded at around $108,000 on July 1 but slipped in the following days to $105,000.

The bulls managed to defend that level and didn’t allow a further breakdown. Just the opposite, the asset started to regain traction almost immediately and surged by several grand to a multi-week peak of roughly $110,500.

While it seemed that BTC is preparing to break out of its consolidation phase and aim for a new all-time high, its progress stalled and was pushed south to a familiar ground of around $108,000. It didn’t make a move during the weekend until late Sunday evening when it finally started to pump.


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