Volatility Continued As BTC Reclaimed $33K And Markets Recover

The Volatility continued as BTC reclaimed $33K and the crypto market regained $100 billion in one day as BTC jumped back so let’s read more in our latest bitcoin news today.

After the Saturday market crash where BTC dipped to over $30,000, the crypto bounced off and recovered more than $3000 in value while most altcoins reacted well and ETH surged to $1900 with the market cap reclaiming $100 billion in one day. As it happened in the past few weekends, Saturday also didn’t start off well for the main cryptocurrency. After the volatile week, BTC started gradually losing value which continued yesterday as reported. In a few hours, BTC dumped by $3000 to over $30,000 and the bears started celebrating and planning a new push which could drive BTC below $30,000 twice in the week as the bulls regain control.

The asset started recovering and added about $3000 while BTC increased by more than 8% on a 24-hour scale and trades above $33,000. the volatility continued while the market capitalization reclaimed $600 billion and its dominance over the altcoin got to 47% again. During the high volatile trading days, the coins suffered more than the leading ones and that was also the case a day ago. ETH Went from $2000 to $1700 but the second biggest crypto bounced off too. After adding 6% of value in one day, ETH increased to above $1850.

Binance coin, Polkadot, Cardano all spiked by around 5%. DOGE increased by 6%, Ripple by 5.5%, BCH by 6%, LTC by 6%, UNI by 6.5%, and Solana by 10% in one day. CELO is again the biggest gainer from the top 100 after it surged 25% in one day and 75% in one week. The rest of the coins like Decred 15%, Harmony 16%, THORChain 11% and Cosmos 10% all made double-digit increases in one day. The cumulative market cap of all crypto assets recovered to $100 billion since yesterday’s lows and is back above $1.3 trillion.

As recently reported, The much-awaited Nasdaq debut of renewable energy-focused BTC mining firm Bitfarms saw the company’s stock drop as much as 8.6% amid weakness in the broader markets. BITF opened at $4.04 and quickly climbed a few percent to a high of $4.11 before dropping to as low as $3.90 as the crypto prices tumbled. BitFarms’ shares crash as they traded hands at $3.96 and the share prices of the publicly-listed BTC mining firms took a beating over the past few months.

Source: https://www.dcforecasts.com/bitcoin-news/volatility-continued-as-btc-reclaimed-33k-and-markets-recover/