Avalanche Soars as Bitcoin Breaks $111K

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M is once again the top performer today.

Bitcoin continues to climb slowly as the asset tapped $111,800 earlier today before it was pushed south by nearly a grand.

While most altcoins have remained sluggish on a daily scale, AVAX and BCH have marked impressive gains of around 5% each.

BTC Taps $111K
Following the price explosion on August 22 when BTC skyrocketed from under $112,000 to over $117,000 in minutes during the Jerome Powell speech, the cryptocurrency has failed to maintain its run and traded in an apparent downward pattern.

After losing a few key support levels along the way, bitcoin’s price tumbled at the beginning of the current business week to just over $107,000. This became its lowest price tag in roughly two months.


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