CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$29,527.00
  • ethereum
    ETH$1,959.88
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Crypto Fund
    Home » Market Updates » Volatility Continues as Bitcoin Reclaims $33K: Crypto Markets Recover $100B

    Volatility Continues as Bitcoin Reclaims $33K: Crypto Markets Recover $100B

    Author: Jordan Lyanchev

    Last Updated Jun 28, 2021 @ 08:47

    The crypto market cap has regained approximately $100 billion in a day as bitcoin has jumped back above $33,000.

    After the Saturday bloodbath in which bitcoin dipped to just over $30,000, the cryptocurrency has bounced off and recovered more than $3,000 of value. Most altcoins have also reacted well, with ETH surging to nearly $1,900, and the market cap has reclaimed $100 billion in a day.

    Bitcoin Spikes Above $33K

    As it happened during the past several weekends, Saturday didn’t start well for the primary cryptocurrency. After the highly volatile week, BTC began to gradually lose value once again on Friday, which continued yesterday as reported.

    In a matter of hours, BTC dumped by roughly $3,000 to just over $30,000. While the bears started celebrating and planning their next push, which could have driven bitcoin beneath $30,000 twice in a week, the bulls regained control.

    Consequently, the asset started to recover and has added about $3,000. As of writing these lines, BTC is more than 8% up on a 24-hour scale and trades above $33,000.

    Its market capitalization has reclaimed $600 billion, while its dominance over the altcoins is above 47% once again.

    Alicia Bakery
    CMO - A really good agency

    Did you like this market update?
    This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

    Invalid email address
    Your privacy is guranteed.
    Thanks for subscribing, you will get your first report in the next hours!
    BTCUSD. Source: TradingView
    BTCUSD. Source: TradingView

    Altcoins’ Recovery Session

    During highly volatile trading days, the alternative coins typically suffer more than their leader, and that was the case yesterday. ETH went from just shy of $2,000 to about $1,700. However, the second-largest crypto has bounced off as well. After adding 6% of value in a day, ether has increased to well above $1,850.

    Binance Coin, Cardano, and Polkadot have spiked by similar percentages (around 5%) to over $280, $1.30, and $15, respectively.

    Dogecoin (6%), Ripple (5.5%), Bitcoin Cash (6%), Litecoin (6%), Uniswap (6.5%), and Solana (10%) have added even more value in a day.

    Cryptocurrency Market Overview. Source: Quantify Crypto
    Cryptocurrency Market Overview. Source: Quantify Crypto

    Celo is once again the most significant gainer from the top 100 after a 25% surge since yesterday. On a weekly scale, CELO is 75% up and trades above $4.

    Harmony (16%), Decred (15%), Qtum (14%), THORChain (11%), Cosmos (10%), SushiSwap (10%), and CRO (10%) have also marked double-digit increases in a day.

    The cumulative market capitalization of all cryptocurrency assets has recovered roughly $100 billion since yesterday’s low and is back above $1.3 trillion.

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.


    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

    Cryptocurrency charts by TradingView.
    Tags: Bitcoin (BTC) Price
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Jordan Lyanchev
    More posts by this author

    Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

  • bitcoin
    BTC$29,527.00
  • ethereum
    ETH$1,959.88
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    Bitstamp CEO JB Graftieaux: We Are Still Early (Interview)

    Bitstamp CEO JB Graftieaux: We Are Still Early (Interview)

    Okay Bears NFT Collection: The Complete Guide

    Okay Bears NFT Collection: The Complete Guide

    Our Ambition is to Become the Amazon of Crypto: Interview with Coinbase’s Guillaume Chatain

    Our Ambition is to Become the Amazon of Crypto: Interview with Coinbase’s Guillaume Chatain

    Bittrex CBO: Why Bittrex Lost its Lead, Token Sales’ Critical Mistakes, and How to Get Listed (Interview)

    Bittrex CBO: Why Bittrex Lost its Lead, Token Sales’ Critical Mistakes, and How to Get Listed (Interview)

    What is Balancer Protocol? Everything You Need to Know

    What is Balancer Protocol? Everything You Need to Know

    Coinbase Wallet For Beginners: The Complete Guide

    Coinbase Wallet For Beginners: The Complete Guide

    Tether Has No Plans to Go Public: CTO Paolo Ardoino (Exclusive Interview)

    Tether Has No Plans to Go Public: CTO Paolo Ardoino (Exclusive Interview)

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers

    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Cannabis Stocks News | Market Analysis
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top