BTC's roller coaster ride continues by $ 20,000, while the USDC falls to $ 0.9: Weekend Watch

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Die Probleme von Bitcoin kommen weiter, als der Vermögenswert gestern auf ein neues Zweimonatstief bei 19.500 $ fiel, bevor er um über einen Riesen abprallte. Dies geschieht inmitten der Probleme der Silicon Valley Bank und der offensichtlichen Aufdeckung bestimmter Kryptofirmen, darunter Circle und seine Stablecoin, die ihre Dollarparität verloren hat. BTC volatil um 20.000 $ Innerhalb von fast einer Woche hatte sich Bitcoin bei rund 22.000 $ beruhigt und keine nennenswerten Bewegungen in beide Richtungen bewirkt. Der Vermögenswert ist jedoch für seine Volatilität bekannt, und solche Gelegenheiten sind ziemlich selten. Tatsächlich folgen ihnen normalerweise verstärkte Schwankungen. Genau das geschah am …
Bitcoin's problems continue when the asset yesterday fell to a new two -month low at $ 19,500 before it bounced over a giant. This is done in the middle of the problems of the Silicon Valley Bank and the obvious detection of certain crypto companies, including Circle and its stable coin, which has lost their dollar parity. BTC Volatil around $ 20,000 within almost a week Bitcoin had calmed down at around $ 22,000 and did not cause any significant movements in both directions. However, the asset is known for its volatility and such opportunities are quite rare. In fact, they usually follow increased fluctuations. Exactly that happened on ... (Symbolbild/KNAT)

The problems of Bitcoin get on when the asset yesterday fell to a new two -month low at $ 19,500 before it bounced over a giant.

This is done in the middle of the problems of the Silicon Valley Bank and the obvious uncoveration of certain crypto companies, including Circle and its stable coin, which has lost their dollar parity.

BTC Volatil for $ 20,000

Within almost a week, Bitcoin had calmed down at around $ 22,000 and did not cause any significant movements in both directions. However, the asset is known for its volatility and such opportunities are quite rare. In fact, they usually follow increased fluctuations.

This was exactly what happened on Thursday when the cryptocurrency collapsed by almost $ 2,000. While the reasons are still being discussed, BTC continued to crash and fell to $ 19,550 (on Bistamp) to record the lowest price for two months.

Bitcoin reacted well to this massive drop in price. It almost immediately shot over $ 20,000 and headed to $ 21. However, the bears came back at this time to play and turned their trajectory. From now on, the asset is only inches above the coveted $ 20,000 limit.

Its market capitalization is still less than $ 400 billion, while its dominance compared to the altons has increased slightly to 42 %.

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USDC loses its bond

It is rare to talk about stable coins during a market observation, but the landscape is different today. When it became known that Circle holds around 3.3 billion dollars of his USDC reserves in the battered Bank SVB, the second largest stable coin began to lose their dollar parity. It almost immediately fell to $ 0.93 and continued to fell to $ 0.9 when these lines were written. Its market capitalization decreased by over $ 5 billion in one day because investors turn to other stable coins.

The old coins, which should be much more volatile than stable coins, are in a slightly better shape today. ETH recalled $ 1,400 after an increase of 2.3 %. BNB is close to $ 275. Ada, Doge, Dot, Shib and Avax also have more profits.

In addition, Matic and Sol rose by 5 % to 6 % to over 1 USD or $ 17.5 in one day.

The entire crypto market capitalization has risen by around $ 10 billion since yesterday, but it is still miles below $ 1 trillion.

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