Bitcoin’s weekend was relatively positive as the asset climbed above $64,000 yesterday, but the start of the business week has brought more pain, with a new decline to under $62,000.
Yet, to no avail as the bears resumed their control over the market and propelled a violent price decline on Thursday. It resulted in a drop to $62,800 before the cryptocurrency bounced by over two grand in minutes. Solana, Dogecoin, Toncoin Cardano, Shiba Inu, Avalanche, Bitcoin Cash, and Polkadot have all dropped by somewhere between 5-8% in a day.