Filecoin Explodes Higher as Bitcoin Holds $77K

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LIT and STABLE follow suit in terms of daily gains.

Bitcoin’s price dipped below $77,000 on Sunday but has managed to recover about a grand since that local low, and now sits closer to $78,000 ahead of what is expected to be its most important week this year.

Ripple’s XRP is trying to take down the $1.40 resistance once again, while ZEC has rebounded past $1,130. BTW is today’s top performer, surging by 36%, and it’s followed by FIL.

BTC Begins Crucial Week
Bitcoin entered the previous business week on the right foot, as it tried to overcome the $80,000 mark for the third or fourth time in the past 10 days. However, the bears were once again more persistent and didn’t allow it. Instead, the cryptocurrency started to lose value gradually and dipped to $77,600 by Wednesday.

It bounced to $79,600 twice on Thursday morning, but each attempt was halted, especially after the PPI data came out. More volatility was expected on Friday with the release of the CPI data, and it didn’t disappoint. Once the number came out, bitcoin went from over $77,000 to $76,000, before it shot up to $79,800 – all within just over an hour.

It was rejected at $80,000 once again and returned to its starting point at around $77,000. The weekend was less eventful, as usual, with BTC dipping to $76,400 yesterday and this morning. However, it has bounced to almost $78,000 as of press time as it begins arguably its most important week this year, with the Fed’s decision and the voting on the CLARITY Act.

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