Following another unsuccessful attempt to breach $60,000, bitcoin dumped by a few thousand dollars in minutes but has recovered most losses relatively quickly. Ethereum has jumped above $1,900, while the top ten see several rotations with Filecoin entering the coveted rankings while THETA leaving.
Bitcoin’s 24H Wild Ride
After regaining its Sunday losses, bitcoin spiked to above $58,000 on March 31st following pro-crypto news from Visa and PayPal. Furthermore, the primary cryptocurrency initiated another impressive leg up that drove it to just shy of $60,000.
However, as it happened with the last several attempts to overcome that particular coveted level, the bears took charge. Instead of breaching above it, they drove the cryptocurrency south violently.
This resulted in a $3,000 value loss in a matter of hours. Consequently, BTC reached a daily low of $56,700.
However, the bulls intercepted the rejection and pushed the price upwards. In the following hours, BTC recovered most losses
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