After several days of trading sideways, bitcoin finally experienced some volatility that drove it south by roughly a grand.
Most altcoins have also turned red. Binance Coin is among the very few exceptions, as the asset has jumped to above $330.Massive volatility came on Wednesday and Thursday last week when the primary cryptocurrency exploded from $27,000 to $30,000 before it returned to the former hours later on fake news. However, as First Republic’s problems worsened and the fake reports were refuted, BTC went on the offensive once again and neared $30,000.
Ripple, Cardano, Dogecoin, Polygon, Polkadot, Litecoin, Shiba Inu, and Avalanche have all declined by similar percentages. Binance Coin has managed to defy the overall sentiment. BNB has jumped by almost 4% in a day and stands well above $330. More losses, though, are evident from ATOM, ICP, APE, as well as most other mid- and lower-cap alts. In contrast, PEPEby over 90% on a daily scale after a listing on OKX and entered the top 100 coins by market cap.
Speaking of the total crypto market cap, it lost roughly $30 billion daily and has slumped to well below $1.2 trillion.
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