Just hours before the highly-anticipated event in which Jack Dorsey and Elon Musk will discuss Bitcoin, the asset’s price has bounced off and reclaimed $30,000. Most alternative coins have also reacted positively after yesterday’s crash, with ETH nearing $1,900 and Dogecoin pumping by 7%.
BTC Reconquers $30K
Yesterday was the culmination of several consecutive days of adverse price movements for the primary cryptocurrency. The asset had already lost a few thousand dollars of value in less than a week and was struggling around $31,000.
However, the situation worsened relatively quickly as it dumped below $30,000 and kept falling to an intraday day low of around $29,000 in a matter of hours.
This became BTC’s lowest price point since late June. However, the bulls stepped up at this point and reversed the trajectory. Bitcoin started to reclaim some ground, and it jumped above $30,000 earlier today.
Furthermore, the cryptocurrency kept climbing and went to just shy of $31,000. This c
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