After the Saturday bloodbath in which bitcoin dipped to just over $30,000, the cryptocurrency has bounced off and recovered more than $3,000 of value. Most altcoins have also reacted well, with ETH surging to nearly $1,900, and the market cap has reclaimed $100 billion in a day.
Bitcoin Spikes Above $33K
As it happened during the past several weekends, Saturday didn’t start well for the primary cryptocurrency. After the highly volatile week, BTC began to gradually lose value once again on Friday, which continued yesterday as reported.
In a matter of hours, BTC dumped by roughly $3,000 to just over $30,000. While the bears started celebrating and planning their next push, which could have driven bitcoin beneath $30,000 twice in a week, the bulls regained control.
Consequently, the asset started to recover and has added about $3,000. As of writing these lines, BTC is more than 8% up on a 24-hour scale and trades above $33,000.
Its market capitalization has reclaimed $600 billion, while
Źródło: https://cryptopotato.com/volatility-continues-as-bitcoin-reclaims-33k-crypto-markets-recover-100b/
