Bitcoin's price exploded by $3,000 in a day and reached a weekly high of $32,800 as Elon Musk and Jack Dorsey spoke about the industry.
The crypto market cap has recovered $70 billion in a day as bitcoin neared $31,000, while most altcoins have charted impressive daily gains.
Bitcoin Dropped Below $30K for the First Time Since June: Crypto Markets Lost Another $100B (Market Watch)
The crypto market cap loses $100 billion in a day as bitcoin dumped beneath $30,000 for the first time in approximately a month.
Bitcoin has registered its lowest weekly close shortly after GBTC saw the most substantial unlocking of shares worth roughly $500 million.
Will enhanced volatility reach the cryptocurrency market as the largest GBTC unlocking of over 16,000 will take place today - July 18th?
The bears still have a tight grip on the market as bitcoin dropped to a three-week low of $31,000 while ETH is south of $1,900.
The primary cryptocurrency is down about 3% over the past week but, in general, it remained rangebound. Multiple metrics are pointing towards a major move closing by.
The crypto market cap has lost another $50B of value in a day, as bitcoin fell to just over $31,000 while ETH trades beneath $2,000.
Bitcoin continues to struggle in a range of around $32K. On the flip side, Axie Infinity's AXS is up 40% daily, marking yet another all-time high.
The cryptocurrency market cap has lost more than $120 billion in two days as BTC dumped to its lowest price line in 17 days.