Bitcoin’s volatile price movements continue as the asset jumped to $102,000 yesterday but was stopped there and pushed south by a few grand.
The altcoin space is well in the green now after the Friday morning correction, including XRP, which has finally reclaimed the $2.4 level.
BTC Looks Toward $100K
It was another historic week in the cryptocurrency markets as bitcoin did what many thought throughout the years as impossible. After dumping $93,500 on Tuesday and $94,500 on Wednesday, the primary digital asset resumed its bull run on Thursday and skyrocketed by almost ten grand. As such, it managed to break through the coveted $100,000 line and jumped to a mark a fresh all-time high of $103,800.
After breaking into uncharted six-digit territory, the asset faced a massive flash crash. Perhaps due to the large number of leveraged positions, bitcoin slumped hard by over ten grand and dumped briefly to $92,000 on Friday morning.
However, it bounced off and started to regain traction almost immediately. As such, it jumped past $100,000 once again on Friday evening and tapped $102,000. Another rejection followed, and BTC now stands inches below the six-digit mark.
Author: Jordan Lyanchev