Last Wednesday, which was called Black Wednesday, witnessed a lot of fluctuation and huge fluctuations in the prices of digital currencies, which reached the level of five digits in a short time.
Bitcoin has finally calmed down and is now fluctuating around the $ 40,000 level.
Most altcoins also recovered from the hardest losses, with Ethereum above $ 2,500 and BNB approaching $ 400.
Bitcoin Calm at $ 40K:
The past several days have never been boring for the major cryptocurrencies.
After the initial price correction in the wake of negative news from Tesla and some Chinese quarters last week, the situation worsened on Wednesday, driven by several leveraged positions.
The cryptocurrency was trading above $ 40,000, but it surprisingly plunged to its lowest level since January 2021 at $ 30,000.
The bulls intercepted the movement at that point and immediately reversed.
In a matter of hours, BTC recovered all losses.
In the past 24 hours, Bitcoin tried to rise further, jumping above the $ 42,000 level for a while, but was unable to continue.
To fail to maintain height.
After recovering a few thousand dollars, BTC settled quietly around $ 40,000 which is still hovering around as of the moment this article was published.
Bitcoin’s market value remained well below $ 800 billion, while its market dominance reached 42.9% after dropping to less than 40% a few days ago.
Alternative currencies in recovery and recovery mode:
The altcoins suffered the most from their leader during Wednesday’s crash.
Ethereum has fallen below $ 2,000, and BNB has fallen below $ 300 …
Since then, most currencies have recovered a large part of the losses.
Ethereum soared to just over $ 2,650.
Binance coin is slowly approaching $ 400 again.
Cardano rose 6% to $ 1.7, Dogecoin was close to $ 0.4, and Bulcadot at $ 28.
The Monero coin is the most significant gainer of the past 24 hours after a 21% jump to $ 290.
Overall, the cumulative market value of all cryptocurrencies is $ 1.73 trillion after it reached $ 1.450 trillion two days ago.