Bitcoin Slides to $29K, PEPE to End The Week With 350% Gains

Bitcoin failed to overcome the $30,000 level yesterday, and the subsequent rejection drove it south by over $1,500. The altcoins are Laos slightly in the red on a daily scale, with ETH struggling to remain above $1,900 and SHIB dumping by over 4%. After the unfavorable start of the week, which saw BTC leaning to under $27,800, the asset began its recovery almost immediately and spiked to $29,000 by Thursday. This came even after the US Fed’s latest interest rate hike of 25 bps. The cryptocurrency went on a roll on Saturday morning, which drove it to $29,900. As the bulls were preparing to take down the coveted $30,000 line.

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