Volatility continues as BTC reclaims $ 33,000 and markets rebound
The volatility continues as BTC recovers $ 33,000 and the crypto markets reclaim $ 100 billion in one day while BTC recovers. So let’s read more today on our latest bitcoin news.
After Saturday’s market crash that saw BTC drop to over $ 30,000, the cryptocurrency rebounded and rebounded over $ 3,000 in value while most altcoins reacted well and ETH rose to $ 1,900, with the Market capitalization rebounded $ 100 billion in one day. As on the last weekends, Saturday did not get off to a good start for the big cryptocurrency. After a volatile week, BTC began to depreciate and continued as reported yesterday. Within hours, BTC dropped $ 3,000 to over $ 30,000 and the bears began partying and planning a new boost that could bring BTC under $ 30,000 twice a week while the cops regain control.
The asset began to rebound, adding around $ 3,000 while BTC rose more than 8% on a 24-hour scale and traded above $ 33,000. Volatility persisted as market cap regained $ 600 billion and its dominance over altcoins rose to 47%. These coins suffer more than the leaders on volatile trading days and that was the case a day ago. ETH rose from USD 2000 to USD 1700, but the second largest cryptocurrency also lost value. After gaining 6% in value in one day, ETH rose over $ 1850.
Binance Coin, Polkadot, Cardano all rose about 5%. DOGE is up 6%, Ripple is up 5.5%, BCH is up 6%, LTC is up 6%, UNI is up 6.5%, and Solana is up 10% in one day. CELO is again the biggest winner in the top 100 after gaining 25% in one day and 75% in a week. The rest of the coins like Decred 15%, Harmony 16%, THORChain 11% and Cosmos 10% all rose in double digits in one day. The cumulative market capitalization of all crypto assets has recovered from yesterday’s low to $ 100 billion and is back above $ 1.3 trillion.
As recently reported, the highly anticipated introduction of renewable energy-focused BTC miner Bitfarms on Nasdaq caused the company’s shares to decline as much as 8.6% as broader markets weakened. The BITF opened at $ 4.04 and quickly rose a few percent to a high of $ 4.11 before falling to $ 3.90 as the price of the cryptocurrency fell. BitFarms’ shares crashed when they were trading at $ 3.96, and the stock prices of publicly traded BTC miners have plummeted in recent months.
DC Forecasts is a leader in many crypto news categories, always striving for the highest journalistic standards and adhering to strict editorial guidelines. If you would like to share your expertise or contribute to our news page, please contact us at [email protected]
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Bitcoin
Volatility continues as BTC reclaims $ 33,000 and markets rebound
The volatility continues as BTC recovers $ 33,000 and the crypto markets reclaim $ 100 billion in one day while BTC recovers. So let’s read more today on our latest bitcoin news.
After Saturday’s market crash that saw BTC drop to over $ 30,000, the cryptocurrency rebounded and rebounded over $ 3,000 in value while most altcoins reacted well and ETH rose to $ 1,900, with the Market capitalization rebounded $ 100 billion in one day. As on the last weekends, Saturday did not get off to a good start for the big cryptocurrency. After a volatile week, BTC began to depreciate and continued as reported yesterday. Within hours, BTC dropped $ 3,000 to over $ 30,000 and the bears began partying and planning a new boost that could bring BTC under $ 30,000 twice a week while the cops regain control.
The asset began to rebound, adding around $ 3,000 while BTC rose more than 8% on a 24-hour scale and traded above $ 33,000. Volatility persisted as market cap regained $ 600 billion and its dominance over altcoins rose to 47%. These coins suffer more than the leaders on volatile trading days and that was the case a day ago. ETH rose from USD 2000 to USD 1700, but the second largest cryptocurrency also lost value. After gaining 6% in value in one day, ETH rose over $ 1850.
Binance Coin, Polkadot, Cardano all rose about 5%. DOGE is up 6%, Ripple is up 5.5%, BCH is up 6%, LTC is up 6%, UNI is up 6.5%, and Solana is up 10% in one day. CELO is again the biggest winner in the top 100 after gaining 25% in one day and 75% in a week. The rest of the coins like Decred 15%, Harmony 16%, THORChain 11% and Cosmos 10% all rose in double digits in one day. The cumulative market capitalization of all crypto assets has recovered from yesterday’s low to $ 100 billion and is back above $ 1.3 trillion.
As recently reported, the highly anticipated introduction of renewable energy-focused BTC miner Bitfarms on Nasdaq caused the company’s shares to decline as much as 8.6% as broader markets weakened. The BITF opened at $ 4.04 and quickly rose a few percent to a high of $ 4.11 before falling to $ 3.90 as the price of the cryptocurrency fell. BitFarms’ shares crashed when they were trading at $ 3.96, and the stock prices of publicly traded BTC miners have plummeted in recent months.
DC Forecasts is a leader in many crypto news categories, always striving for the highest journalistic standards and adhering to strict editorial guidelines. If you would like to share your expertise or contribute to our news page, please contact us at [email protected]
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