Bitcoin has finally calmed after the recent enhanced volatility and stands relatively stable at $26,000.
The altcoins have turned green on a daily scale today, with BNB recovering 5% since yesterday’s multi-month low.Last week was highly volatile for the primary cryptocurrency, which dumped by over $1,500 on Monday as the SEC sued Binance. When the regulator took things a step further on Tuesday by going after Coinbase, BTC took another slight dip to a multi-month low of under $25,400.
Surprisingly, the asset went on a tear in the following hours and shot up by $2,000. That was short-lived, though, as it returned to around $26,500 rather quickly where it stood for the rest of the working week. As the weekend approached, bitcoin took another dive and dropped all the way back down to $25,500. It tried to recover most losses on Monday but was halted in its tracks at $26,200. The past 24 hours have been relatively quiet, with BTC trading at around $26,000.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day: