This week’s been quite the ride in the crypto markets, which currently stand at a total capitalization of around $1.68 trillion. That’s down some $50 billion throughout the past seven days, which have been particularly volatile, so let’s dive in.
Bitcoin’s price went mad this week. On January 19th, it skyrocketed above $41.5K in a violent green candle and consolidated at that level for a few weeks, but it was on the 22nd when things started taking a turn for the worst. BTC started bleeding out.
The correction took it all the way down to $38,500 – a price that we hadn’t seen for around two months. Contrary to what many analysts were claiming, BTC did, in fact, fall below $40K. It took a few days of consolidation around that level, but today, it finally managed to break out.
Fortunately, it was for the better.
The price exploded today, charting an increase of around 4% on the day, which adds up to some 8% from the lows on January 22nd. This also brought enthusiasm across the
We współpracy z: https://cryptopotato.com/bitcoin-soars-8-from-recent-lows-as-crypto-markets-stage-a-recovery-this-weeks-recap/
