After several days of trading sideways, bitcoin finally experienced some volatility that drove it south by roughly a grand.
Most altcoins have also turned red. Binance Coin is among the very few exceptions, as the asset has jumped to above $330.
BTC Slumps by $1K
Massive volatility came on Wednesday and Thursday last week when the primary cryptocurrency exploded from $27,000 to $30,000 before it returned to the former hours later on fake news. However, as First Republic’s problems worsened and the fake reports were refuted, BTC went on the offensive once again and neared $30,000.
Yet, the bears intercepted the move and didn’t allow any further increases. Just the opposite, BTC retraced by several hundred dollars and calmed at just over $29,000.
The landscape changed late Sunday when the asset pumped toward $30,000 once more, but the subsequent rejection drove it south hard. In a matter of hours, BTC slumped by almost two grand and fell to $28,300 (on Bitstamp).
As of now, it stands
We współpracy z: https://cryptopotato.com/market-watch-bitcoin-crashes-by-1k-overnight-crypto-markets-lose-30b/
