Zcash Jumps Double Digits Again as Bitcoin Fails at $90K

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RAIN and NIGHT follow suit today in terms of daily gains.

Bitcoin’s gradual price recovery to almost $90,000 came to another halt yesterday when the asset was suddenly rejected and dumped by roughly three grand in minutes.

Most larger-cap alts have mimicked BTC’s performance, with ETH sliding toward $2,900 again, while XRP has slipped to $1.85.

BTC Stopped at $89.5K
The primary cryptocurrency had a wild week before the Christmas holidays when it pumped and dumped on several occasions from around $85,000 to $90,000, only to mark a local low at $84,400 after the US CPI numbers for November were announced. It managed to recover some ground during the weekend at the time and even went on the offensive last Monday.

It spiked past $90,400 for the first time in about a week, and this rally seemed sustainable at first. However, as it happened during the previous few such attempts, the bears resumed control almost immediately and drove the asset south hard to under $87,000.

Christmas Eve and Day were quite uneventful, as expected, but bitcoin attempted another breakout on Friday. This time, it couldn’t even reach $90,000 before the bears rejected it. In less than an hour, the cryptocurrency plunged to $86,500. It has rebounded slightly and now sits above a grand higher, but it’s still 1.5% down on the day.


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