While its the weekly opening ahead, Bitcoin price has been fluctuating too harshly while nearing to lose $80k in a continued downtrend. The lack of any
Bitcoin price has been fluctuating too harshly while nearing to lose $80k in a continued downtrend. The lack of any bullish news and anticipated volatility of weekly opening in US trading hours has increased selling pressure in BTC with it dipping as low as $81,384 today.
However, the flagship cryptocurrency has managed to recover some losses and currently trades at around $82k. It is still crucial for BTC to hold the $80k level and break through the $88k resistance to pave the way for further gains.
Following Bitcoin, major altcoins have also fumbled amid increased market volatility with ETH and SOL keeps losing while the most bullish alt, XRP, has dropped 5% in the past 24 hours.
At the time of writing, Bitcoin is trading at $82,103.46, with a 24-hour trading volume of $20,507,376,835. Bitcoin price is down 1.31% in the past 24 hours and has dropped 6.24% in the past seven days.
Top Movers
The global crypto market cap today stands at $2.65 trillion, with a 24-hour trading volume of $64.24 billion.
Also Read: Bitcoin Hovers Near Crucial $80k Level As Anticipated Volatility Brings Selling Pressure
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