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Bitcoin Recovers $4K, LUNA Explodes 25% as Volatility Skyrockets (Market Watch)

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The crypto market went on a roller-coaster ride in the past few days, propelled by the conflict between Ukraine and Russia.

Bitcoin reminded of its enhanced volatility in the past day or so after a massive price slump to just over $34,000 and just as fast recovery to above $38,000. Most altcoins are also well in the green on a daily scale after the substantial retracements yesterday.The no boring days in crypto narrative received further validation in the past few days. Bitcoin, for one, challenged $39,000 on Tuesday and early Wednesday before it started to lose value gradually.

Ethereum dumped all the way down to $2,200, but it has recovered to around $2,600 as of writing these lines.

 

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