Bitcoin posted a new 13-month high yesterday at $31,500, but the subsequent rejection drove it south hard, and the asset slipped below $30,000 on a few occasions.
The altcoins have also turned red, with the most losses coming from the likes of Litecoin, Bitcoin Cash, Lido DAO, and others.After the enhanced volatility last Friday, which drove bitcoin from over $31,000 to a 10-day low of $29,500, the cryptocurrency had calmed and spent the next few days at around $30,500 without any major moves.
This started to change mid-week when the asset pumped above $31,000 but was stopped once again. After sliding back down to $30,000, it went on the offensive once more yesterday andAs the bulls were preparing for another leg-up, the bears came out of the woods and brought bitcoin south hard.
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