After the enhanced volatility experienced lately, BTC has finally calmed at around the $43,000 mark.
Most altcoins are also untypically calm on a daily scale, aside from ICP and TIA – both of which have marked impressive gains.
BTC Stalls at $43K
Bitcoin slumped hard in the weeks following the approval and launch of nearly a dozen spot ETFs in the States and bottomed last Thursday at $38,500. The bulls finally managed to intervene at this point and didn’t allow any further declines.
Just the opposite, BTC started climbing in the following days and reclaimed the coveted $40,000 level last weekend. The start of the business week was even more impressive, with BTC soaring past $43,000 on a few occasions and tapping $43,750.
However, it couldn’t surpass that level and the subsequent rejection pushed it south to $42,000 on Wednesday and Thursday. Nevertheless, BTC bounced off once again and jumped to its current level of around $43,000. It hasn’t really moved in the past 24 hours.
Author: Jordan Lyanchev