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The prices of both the BCH and WLFI digital currencies increased by double-digit percentages, while the price of Bitcoin settled near $84,000 after a week of intense volatility.
Bitcoin prices continued their decline on Friday, falling below $81,000, a seven-month low, before recovering some of the losses.
Between Bitcoin Stress and Rally:
Digital currencies have had a rough week.
After falling from $107,000 to $94,000 last week, it started this week near $95,000 before experiencing a new wave of losses.
Friday’s sharp decline coincided with widespread selling by some major currency holders, increasing Bitcoin spot outflows, and the liquidation of more than 400,000 traders, including high-profile names such as “Andrew Tate.”
The price fell sharply after a statement from the New York Fed president hinting at a possible rate cut soon, before a limited rebound saw the price jump to $85,000.
However, this improvement did not last long. The price stabilized around US$84,000 again, with a market value of less than US$1.7 trillion, and its dominance in the CG index was less than 57%.
Wild swings between highs and lows:
Major digital currencies generally followed Bitcoin’s lead, with most hitting their lowest levels in months before resuming limited daily gains. ETH, XRP, BNB, and SOL rose slightly, while TRX, DOGE, HYPE, and ADA fell slightly.
The most prominent movements are led by BCH, WLFI, and ZEC.
BCH and WLFI gained double-digit percentages, reaching $545 and $0.14 respectively.
ZEC, on the other hand, fell sharply by 18% to $522 after previously rising strongly.
Due to these fluctuations, the total digital currency market value has lost more than $300 billion since Thursday, stabilizing at about $2.86 trillion, according to coinmarketcap data.
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