Bitcoin’s nosedive from yesterday pushed the asset south to $57,600 but it managed to recover some ground and now stands a grand higher.
Some altcoins, such as BNB, DOGE, and DOT, are still in the red, while XRP and UNI have charted minor gains.Last week went quite well for the primary cryptocurrency as it jumped from around $54,000 on Monday to a peak of $60,600 on Saturday. Within this timeframe, the asset faced enhanced volatility, especially on Wednesday, after the US announced the CPI numbers for August. Back then, bitcoin dumped from $57,000 to $55,500 but recovered all losses almost immediately.
After the aforementioned peak on Saturday, though, BTC failed to maintain its run and stalled at around $60,000 on Sunday. This Monday began with a substantialtomorrow and on Thursday as the US Federal Reserve is set to meet to discuss and probably lower the interest rates in the country. While most experts anticipate rate cuts of 25 basis points, someThis is all you need not to miss any price action in the raging crypto markets.
In contrast, XRP and UNI have charted 2% increases. However, Fantom’s native token stands in a league of its own with a massive surge of 10%. As a result, FTM now sits above $0.55.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.