Bitcoin’s price movements have calmed quite a bit following the enhanced volatility experienced on Friday.
However, the asset failed to maintain its run and quickly lost almost all of its gains. Then came some sideways trading before another price pump that pushed it to inches above $28,000. This rejection was more violent and pushed BTC south by just over a grand. When looking at the daily charts of the altcoin space, one can easily spot that red dominates almost all of them. Binance Coin, Solana, Cardano, Toncoin, Polygon, and Polkadot have all retraced by 1-3%.
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