Bitcoin prices plummeted 11% in one day, reaching a new low of $28.5K. Analysts believe the rejection of major technical resistance at this level triggered the downward slide, leading to the selloff of PEPE tokens.
Cryptocurrency platform Rune has seen strong weekly growth of 30%, despite pressure from ongoing market uncertainty. BTC has yet to find a foothold above the $26,000 mark, leaving investors hesitating to re-enter crypto markets.
Bitcoin has broken another record, with the price of the cryptocurrency rocketing past $30,000 today as the total crypto markets add $25 billion within a few hours.
Crypto markets lost an average of $20B in daily market cap, as Bitcoin fell below the $29K mark. The top 20 cryptocurrencies by market cap, as well as the entire crypto market, have experienced a crash in prices this week.
Bitcoin SV & Bitcoin rose sharply in the past 24 hours, boosted by resurgent investor interest. BSV shot up 11% & BTC jumped to levels above $29K. The rebound came after weekend losses and suggests the crypto market is regaining momentum.