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.

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