Bitcoin faced a ton of volatility yesterday as it dumped from nearly $67,000 to a 16-day low of $62,200 before it bounced off by more than three grand.
The altcoins saw similar fluctuations, but most have remained in the red on a daily scale, with XRP, KAS, DOGE, SOL, and TON leading the pack.The business week started on a high note for the largest cryptocurrency as it pumped to $70,000 for the first time in seven weeks after the volatile weekend in which Donald Trump spoke at the 2024 Bitcoin Conference in Nashville.
However, the asset failed to keep its momentum going, and the subsequent rejection pushed it south hard. By Wednesday, BTC had lost around four grand and stood at $66,000. It managed to challenge $67,000 on Thursday, but that was short-lived, and the bearsit south first to $63,500 before another leg down transpired that drove it to its lowest position since July 15 of $62,200.
Most other larger-cap alts are also in the red. SOL, DOGE, TON, BCH, LINK, and SHIB have all dropped by 3-5% within the past day. As such, the total crypto market cap has shed about $50 billion overnight and is down to just under $2.4 trillion on CG.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. See Disclaimer for more information.
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Source: FXStreetNews - 🏆 14. / 72 Read more »