What a week it’s been. Bitcoin’s price plunged by around 8% throughout the past seven days, which saw the total cryptocurrency market tumble. This comes amid times of considerable geopolitical woes as tension between Iran and Israel continues. Let’s dive in.
Starting off with Bitcoin, it’s currently trading around the $65K mark, down about 8.3% compared to this time last week. But this doesn’t convey the full picture and does the massive volatility BTC went through very little justice.
For context, the primary cryptocurrency started the week trading at around $70K but the bears had other plans. BTC tumbled toward $66K during the weekend and the even more on Sunday evening when it crashed below $62K. The bulls wouldn’t have it and the price had recovered to $66K on the following day, underpinned by considerable volatility.
On Wednesday, the bears made another assault, pushing BTC toward $60K before another recovery. Last night, reports of an explosion in Iran triggered marke
We współpracy z: https://cryptopotato.com/bitcoin-crashes-8-amid-massive-volatility-and-geopoltical-woes-as-crypto-markets-tumble-this-weeks-recap/
