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Bitcoin Consolidation Continues While BNB Surges Towards $600 (Market Watch)

Despite dipping below $61,000 once more, bitcoin has bounced off and has calmed around $62,000. While its consolidation continues, Binance Coin has gone on a tear and has neared $600 for the first time since mid-May.
Bitcoin Sits Still at $62K
The primary cryptocurrency reached a two-week high of roughly $64,500 on November 2nd but failed to continue upwards towards its peak of $67,000. Just the opposite, the bears stepped up and pushed it south.
In the following days, BTC dipped to $62,000. However, the situation worsened following inflation news from the United States, and bitcoin suddenly dumped to $60,000. Its recovery was just as sharp, though.
In the past 24 hours, the bears drove it down once more, and the cryptocurrency fell below $61,000. As of now, though, it has recovered over $1,000 of value and stands around a familiar price level – $62,000.
Bitcoin’s market capitalization is still above $1.150 trillion, while the dominance over the altcoins is below 43%.
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We współpracy z: https://cryptopotato.com/bitcoin-consolidation-continues-while-bnb-surges-towards-600-market-watch/

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