Bitcoin recovered a lot of ground yesterday and spiked to $67,000, but the landscape has changed once again in a bearish manner, and the asset plummeted hard today.It’s safe to say that the past few days haven’t gone exactly BTC’s way. The cryptocurrency stood above $70,000 on Friday morning but slumped hard later that day amid the Fed’s latest announcements in regard to its interest rate policy.
Bitcoin fell to $65,000 but managed to recover around two grand on Saturday morning. However, the scenario repeated to an even more violent low after Iran launched a retaliation attack against Israel on Saturday evening.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:earlier today. This time, Bitcoin dropped to just under $62,000. Despite recovering over a grand since then.
Its market capitalization has declined by about $50 billion to $1.250 trillion, and its dominance over the alts stands at 51.5% on CG.As it happened during the weekend, the market correction has hurt the altcoins even more. Ethereum went to $3,300 yesterday, but a 4% decline since then has pushed it back down to $3,100. Binance Coin, Ripple, Dogecoin, Cardano, Tron, and Polygon have charted similar losses.
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Crypto Exchange Figure Markets Has a Plan to Democratize FinanceIan Allison is an award-winning senior reporter at CoinDesk. He holds ETH.
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