According to David Morrison from Trade Nation, bitcoin faced strong volatility over the weekend after the credit rating agency Moody's downgraded the U.S. debt rating on Friday, prompting investors to reassess their risk tolerance. “Bitcoin and its peers were not immune to the change in sentiment, with the liquidation indicating that the sector remains strongly tied to the overall risk dynamics,” he stated.

Despite the instability, the crypto asset is once again approaching its all-time high of $109,224.74, recorded on January 20, according to data from CoinDesk.#BinanceHODLerNXPC #BinanceAlphaAlert $BTC