Perhaps driven by reports that the US government shutdown may end this week, BTC ($105,270.00)’s price surged once again in the past 24 hours to just over $107,000, where it faced an immediate rejection.

Most altcoins have erased significant portions of yesterday’s gains as well, with ZEC ($484.06) and ICP ($6.34) leading on the way south.

BTC Halted at $107K

It was just a week ago when the primary cryptocurrency felt the selling pressure as its price dumped from over $111,000 to under $100,000 in the span of just 48 hours. As such, it dipped within a five-digit price territory for the first time since June.

The bulls finally stepped up after this substantial correction and quickly helped BTC rebound to over $100,000. The recovery attempt was stopped at $104,000, and the subsequent retracement pushed bitcoin south to just over $99,000.

Nevertheless, the asset quickly returned to a six-digit price tag and remained calm over the weekend at around $102,000. On Sunday afternoon, though, US President Trump promised dividend payments of $2,000 for non-high-income Americans, in what felt like a stimulus check déjà vu.

BTC reacted with an immediate surge to $104,000 on Sunday and up to $106,500 on Monday. After a brief retracement, reports emerged that the US government might reopen soon, which drove bitcoin above $107,000 for the first time in a week.

However, it couldn’t keep climbing and has dropped by two grand since then. Its market cap has dipped below $2.1 trillion, while its dominance has settled below 58% on CG.

BTCUSD. Source: TradingView

UNI ($8.62) Up, ZEC Down

Most altcoins have turned red after the spectacular gains yesterday. ETH ($3,572.31) is back to $3,550 after a 2% daily decline, while XRP ($2.46) has dropped by more than 3% to $2.45. BNB ($981.05), SOL ($163.97), DOGE ($0.18), ADA ($0.58), LINK ($16.19), HYPE ($40.32), and XLM ($0.29) have posted some notable losses as well.

This trend has a clear leader today – ZEC. The high-flying privacy coin has dumped by 25% daily and now sits at $485. ICP follows suit with a 12.5% decline, and XMR ($375.68) is next with a 10% drop.

In contrast, Uniswap’s native token has rocketed by 20% daily and sits above $8 as of press time.

The total crypto market cap has slid by more than $50 billion and is down to $3.630 trillion on CG.

Cryptocurrency Market Overview Daily. Source: QuantifyCrypto

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