Bitcoin Remains Above $29K
The past several days were quite eventful for the primary cryptocurrency. After trading still at around $27,000 during the weekend and until Tuesday, the bulls took complete control over the market and propelled a massive push-up that drove it to $30,000 in hours.

However, fake reports came out claiming that wallets connected to Mt. Gox and the US government could be disposing of substantial amounts of BTC that plummeted the asset by almost $3,000. When the news was confirmed to be fake, bitcoin went on the offensive once again and reclaimed $28,000 and then $29,000.

That all happened in the span of 36 hours. The past day brought another leg up that drove BTC to just under $30,000. However, it failed there and has since lost several hundred dollars.

Nevertheless, BTC still stands above $29,000, and its market cap remains north of $560 billion. Its dominance over the alts is up to 47%.