$BTC After hovering around $114,500 for most of the day, Bitcoin fell to a low of $110,671 per coin on Sunday. The drop came right after Ethereum reached a new all-time high, while the broader cryptocurrency market declined by 1.5% in the last hour.
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After hovering around $114,500 for most of the day, Bitcoin fell to a low of $110,671 per coin on Sunday. The drop came right after Ethereum reached a new all-time high, while the broader cryptocurrency market declined by 1.5% in the last hour.
Traders are grappling with sharp fluctuations as Bitcoin goes haywire.
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Digital assets experienced a busy Sunday, as Ethereum reached a new peak of $4,957 per coin. Meanwhile, Bitcoin traded in a sideways range for most of the session, oscillating between $114,500 and $115,100. By 3 PM Eastern Time, the momentum reversed, and BTC sharply fell to $110,671.
At 4:30 PM, Bitcoin was trading at $112,739 and was trying to recover the $113,000 mark. Over the last hour, Bitcoin dropped by 1.5%, while Ethereum fell by 3.15%, and XRP showed a similar decline.
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BNB managed to decrease by 1.33%,
Solana (SOL) fell by 3.29%,
and Dogecoin (DOGE) suffered the most with a drop of 4.4%.
Despite the red hour, traders continue to closely monitor the charts as volatility brings both fear and opportunity.
Short-term sharp fluctuations have become a common occurrence in the cryptocurrency market this week, leaving analysts pondering whether these sudden drops are preparing for stronger movements.
