With Binance triggering a wave of volatility, what Bitcoin’s path ahead looks like
ambcrypto.comA much-awaited relief came to the larger market as Bitcoin gained 4.70%. Thus, trading at $48,438 at the time of writing. On the back of the sudden BTC gains as a new week took off, the same pulled the global crypto market cap up by 3.51% in one day giving way to a much-needed recovery.
Well, after the 4 December fall, a couple of days later BTC’s price saw a 6% rise. However, failed to maintain and soon fell further in just a day. Likewise, another close to 5% price recovery was seen on 12 December, then on 15 and 16 December.
Interestingly, on 19 December 19 as well. Thus, each time a single-day recovery took place over the last fortnight the same failed to sustain. So, questioning the most recent recovery absolutely makes sense.
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