Bitcoin (BTC) tried and failed at holding above $35,000 this week, with one analyst arguing traders likely took their BTC profits and rotated into altcoins, pushing those prices higher. BTC price spent most of the week stuck between $34,000 and $35,000, with every attempt to break to the upside so far – even hitting a fresh yearly high almost touching $36,000 early Thursday – meeting with heavy selling pressure, pushing down the price. Bitcoin was changing hands at around $34,400 after weak U.S. jobs report, slightly up just under 2% for the week, with ether (ETH) up a similar amount. Decentralized finance (DeFi) tokens posted the biggest weekly advance among the CoinDesk Market Index sectors.
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