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Bitcoin’s price faced enhanced volatility at the end of the business week, which included a drop of $8,000, but it has recovered some of the losses as of now.
Several altcoins have bounced off from the Friday crash, with $AVAX, $BNB, $SOL, and APT emerging as today’s top performers.
$BTC to Challenge $70K Soon?
Bitcoin’s business week started with a lot of price fluctuations as well. It first dumped to $67,000 before the bulls took charge and initiated a massive leg-up that resulted in charting a new all-time high of roughly $73,000.
That was just the start of the positive week, as $BTC briefly exceeded that level on Tuesday. However, the bears came out of the woods at this point and pushed it south hard. In just a few hours, Bitcoin had dropped to under $69,000.
More volatility followed, this time in the opposite direction. Bitcoin saw another all-time high at almost $74,000 on Thursday. The rejection scenario repeated once more. This time, $BTC slumped by roughly $8,000 and dropped to a weekly low of under $66,000.
It began its recovery shortly after and even briefly exceeded $70,000 during the night but has failed to overcome that level. As of now, $BTC trades at just over $69,000. Its market cap has increased to over $1.350 trillion, and its dominance over the alts sits at 49.2%.
$SOL on a Roll
Solana’s native token was among the few that didn’t dump hard yesterday and has only gone higher in the past 24 hours. $SOL is up by 8% as of now and trades above $190 – the highest price tag it has seen in over two years.
$AVAX is also at a multi-year high at $60, following a 12% daily surge. $BNB has reclaimed $600 once again, with a 5% increase. Aptos is the other alt well in the green, having surged by 14% to $15.
In contrast, DOGE and SHIB have declined by just over 3%, while ETH has remained at just over $3,700.
The total crypto market cap has recovered more than $60 billion in a day and is now at over $2.760 trillion on CG.
en.bitcoinsistemi.com
coindesk.com
beincrypto.com
