Bitcoin’s volatility struck again with a few more price fluctuations, while LUNA has dumped with double-digits since yesterday.
Following another sub $36,000 dip, bitcoin bounced off and tapped $37,500 before it was rejected. Most altcoins are somewhat calm on a daily scale, except for a few notable price drops from Terra, ATOM, and NEAR Protocol.Bitcoin’s price has been on a roller-coaster in the past week or so, ever since it started to dump from above $43,000. This culminated in a drop below $33,000 days ago, which became its lowest price tag since late July 2021.
At that point, though, the asset reacted well and started to reclaim some of its lost ground. This resulted in a rapid price surge to $37,000 before the bulls initiated another leg up, in which the cryptocurrency touched $39,000.
There are some bright lights with Bitcoin's performance at spot rates. After fears of a possible plunge mid this week, the recovery from the $33k-$35k level has been impressive.
Crypto market is fascinating. I like looking at trading on Finex or studying metrics
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Source: Cointelegraph - 🏆 562. / 51 Read more »