Bitcoin was confronted with massive volatility in the middle of Binance Fud and Doge: Market observation

Bitcoin was confronted with massive volatility in the middle of Binance Fud and Doge: Market observation

Bitcoin went through another volatile roller coaster ride to rumors that the CEO of Binance was sought by Interpol.

Several old coins are still in the minus on a daily basis, while Dogecoin briefly exceeded 0.1 $ in another increase that was driven by Elon Musk.

Bitcoins price fluctuations

As at the beginning of last week, this also started with rather quiet price movements for Bitcoin, which were around $ 28,000. However, just like last week, news about Binance and his CEO appeared, which drove cryptocurrency south.

This time rumors appeared on Twitter and some crypto media who claimed that Changpeng Zhao was delivered to an interpol red notice. He competed quickly because it was apparently fake news.

BTC experienced a severe drop in prices that drove it down at over $ 27,200. Nevertheless, the asset crashed after CZ had cleared the air and returned to around $ 28,000 at the time of the letter of these lines.

Its market capitalization is still from $ 550 billion, and its dominance over the alts has suffered an easy blow and has dropped to 46.1 %.

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Doge pumps 25%

It has been a while since Teslas CEO - Elon Musk - interacted with the crypto industry and especially with his favorite memo. However, that changed yesterday when he published a Dogecoin-related picture on his personal Twitter account. The asset reacted with an immediate increase, which for the first time in months drove it to over $ 0.1. So far, Doge has only been centimeters from this price tag, but it is still 25 % over the day.

The other remarkable winner of the large cap alternatives is Shiba Inu. The second largest Memecoin has risen by 6 % and is $ 0.000011.

In contrast, BNB, Matic, ETH, Sol, LTC and Avax are quietly there, without significant movements in one of the two directions. XRP and ADA have lost the most and fell by 3.7 % or 2 %.

The entire crypto market capitalization has dropped by $ 10 billion in one day and is now $ 1.175 trillion.

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