Bitcoin Bounces Back to $50K in Weekend Consolidation
The gains come after a flash crash at the beginning of December.
The gains come after a flash crash at the beginning of December.
Collectively, the crypto market has shed more than $200 billion in market cap over the last seven days.
Equities and cryptocurrency markets had a down day on Thursday, thanks in part to troubles with Evergrande and Kaisa.
Bitcoin and Ethereum both posted heavy losses in Friday cryptocurrency trading, as U.S. stock prices also tumbled.
Bitcoin followed traditional markets after the Fed said inflation should no longer be considered “transitory.”
Leading cryptocurrencies have recovered hefty losses brought about by the rise of a new Coronavirus variant called Omicron.
Bitcoin is down by 12% over the last seven days dragging the combined market cap of all cryptocurrencies down by as much as $300 billion.
Bitcoin is currently trading at around $58,000 per coin, while SOL and SHIB are seeing double digit daily gains.
Dogecoin (DOGE) hit a new all-time high on Tuesday, May 4, climbing past $0.50 to its current price of $0.531, per CoinGecko. The meme coin is currently the fifth most valued cryptocurrency, with its market cap growing to as much as $61.8 billion. Dogecoin’s impressive price surge followed its listing on popular social trading platform […]