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Криптовалюты:  7,186Рынки:  30,048Рыночная капитализация:  $346,701,228,669Объем за 24ч:  $109,024,691,613Доминирование BTC:  57.6%
Рыночная капитализация:  $346,701,228,669Объем за 24ч:  $109,024,691,613Доминирование BTC:  57.6%Криптовалюты:  7,186Рынки:  30,048

Markets Report: Bitcoin Price Erases $500 Dip to Challenge $12K Twice in One Day

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Markets Report: Bitcoin Price Erases $500 Dip to Challenge $12K Twice in One Day

Modern Consensus.1 month ago
Published on August 10, 2020 01:50 GMT+0edited on August 10, 2020 02:04 GMT+0

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Bitcoin is keeping the market guessing this Monday—$12,000 came and went in sudden spurts of volatility which show no signs of stopping.

According to data from price trackers including CoinMarketCap, Bitcoin showed signs of breakout through the weekend, this finally coming true in the early hours of Monday as BTC/USD hit highs of $12,070.

The highs were short lived. Hours later, a sudden plunge took the pair to $11,500, bouncing off support to linger in the middle of its daily corridor.

Bitcoin cements its highest weekly close in over 2 years

This second trip to $12,000 mirrors the first which occurred at the start of August—a fleeting retake of the new level before heavy resistance reverses the uptrend.

Nonetheless, this event differentiates itself from the rest in...