Despite briefly exceeding $58,000, bitcoin has slid back to $56K.
Bitcoin’s attempts to surge past $58,000 were quickly halted, and the cryptocurrency fell by roughly $3,000 in hours.
The second-largest cryptocurrency has frequently broken into uncharted territory, and the past 24 hours didn’t disappoint.
While some altcoins are heading into uncharted territory, the primary cryptocurrency has failed to produce any substantial gains.
It seemed as the trend started to reverse shortly after as the bulls spiked the asset above $58,000 somewhat rapidly.
Just the opposite, the cryptocurrency fell by more than $3,000 after another rejection.