WLFI Pumps by Double Digits as Bitcoin (BTC) Settles Below $66K: Market Watch

Bitcoin’s price ascent from earlier this week couldn’t continue in the past 36 hours or so, and the asset even dipped toward $65,000, where it found some support.

Most larger-cap alts have remained sideways on a 24-hour scale, aside from WLFI, which has rocketed by double digits.

BTC Calms Below $66K

The end of the previous business week saw another rejection for BTC, which had pumped to $65,600 a few days prior after the favorable US CPI data for June. After the bears stepped up, though, the asset slipped to $62,500 on Friday. Nevertheless, this was a short-term decline, and the cryptocurrency rebounded to $64,000 over the weekend.

It even challenged $65,000 on Monday morning before it was stopped again. This time, the retracement was a lot more modest, taking bitcoin south to $63,750.

The bulls intervened at this point and initiated a couple of consecutive leg-ups that culminated on Tuesday morning with a surge to $67,000. This became bitcoin’s highest price tag in over a month. However, it couldn’t breach that level and dipped to $65,600 yesterday and $65,300 earlier today. The latter provided the necessary support, and BTC has now calmed at just under $66,000.

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