Despite the positive inflows toward the largest spot Bitcoin ETFs in the US, the price of the underlying asset retraced hard yesterday but is close to $67,000 once more now.The primary cryptocurrency had a volatile end to the previous business week as it failed to maintain above $65,000 and slipped to $63,000. However, it bounced off on Friday evening and Saturday morning and jumped to $67,500.
After a minor retracement there, it calmed once again on Sunday morning, but the current US President’s withdrawal from the 2024 election race rattled the markets once again later that day.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:More volatility ensued the following day, which resulted in bitcoin dropping to $66,300 earlier today despite the massive inflows into the spot BTC ETFs.
Ripple is the other larger-cap alt with a minor increase over the same period, and XRP now trades above $0.6. The rest of the market is in a more dire state. BNB, TON, ADA, SHIB, DOT, LINK, BCH, NEAR, and UNI are all down by around 2%, while AVAX, LTX, ICP, and INJ have seen losses of up to 6%.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.