After a rollercoaster of dizzying highs and gut-wrenching lows, the crypto market finally seems to be catching its breath. Bitcoin’s price has found some stability above the $86,000 mark, emerging from what can only be described as a tumultuous week of trading. As we watch the world’s most famous digital currency re-establish its footing, one can’t help but wonder: are we witnessing a temporary bounce or the start of a more sustained recovery? Meanwhile, altcoins are riding their own waves, with Stellar’s XLM exhibiting impressive gains, climbing over $0.30, making headlines as traders look for opportunities in this volatile environment. Curious to find out the full story behind the current market moves? LEARN MORE
After a highly volatile and painful trading week, bitcoin’s price continues with its gradual recovery, as it now sits above $86,000.
Many altcoins have produced impressive gains over the past few days, and XLM stands in a league of its own with a surge past $0.3.
BTC Calms at $86K
A lot can and has been said about the events that transpired in the cryptocurrency market in the past week. Recall that BTC stood close to $100,000 on February 21, which was rejected and pushed down to $96,000 the previous weekend.
However, the actual pain started on Tuesday morning with a drop to $86,000. After a minor recovery to $89,000, the cryptocurrency dumped once again to $82,000. The scenario repeated once again on Thursday, with a bounce-off to $86,000, and on Friday morning, with a massive price crash to $78,000.
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