ZEC, ICP, XMR Plunge as Bitcoin Faces $107K Rejection

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Perhaps driven by reports that the US government shutdown may end this week, BTC’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 and ICP 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.

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