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After Massive Volatility, BTC Bounced Off $20K, Altcoins Recover Double-Digits (Market Watch)

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So far, bitcoin has remained above $20,000 and ETH stands north of $1,000 despite the massive volatility following Fed's announcement.

BTCUSD. Source: TradingViewAfter refuting the rumors that his company had to face a margin call for its BTC-backed loan from Silvergate, MicroStrategy’s Michael SaylorFidelity’s Director of Global Macro – Jurrien Timmer –

that nothing has really changed in BTC’s fundamentals and on-chain data shows it could be cheaper than it looks.that BTC could further slide to $13,000 as it recently painted a double-top.The alternative coins plummeted just as hard as BTC lately, but the landscape on a 24-hour scale now is all green.

ETH was also close to breaking below a round-numbered milestone of $1,000. It didn’t, though, and it has since added more than 10% of value. As a result, the second-largest crypto is now trading near $1,200. Most of the larger-cap alts see similar gains now. BNB is at $225, ADA has jumped to $0.5, XRP is above $0.3, and DOT is close to $8.With the lower and mid-cap altcoins also recovering impressive percentages today, the crypto market cap has added $80 billion and is well above $900 billion now.

 

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