BTC’s Volatile Movement
Bitcoin experienced a series of significant price fluctuations recently. It reached a 19-month high at $44,700 before retracing to $44,000 over the weekend. On Monday, it dropped below $41,000 and hit a weekly low of $40,200 on Tuesday.
However, the bulls managed to defend the $44,000 level and initiated a recovery that pushed bitcoin above $43,000. Yet, yesterday’s trading was highly volatile due to vulnerabilities with Ledger wallets.
Following the news about Ledger’s fix, BTC briefly dropped to $41,500 before recovering most of its losses and returning to over $43,000. Currently, bitcoin is trading around $43,000 with a market cap of $840 billion.
SOL and BONK Surge
The Solana-based meme coin BONK has been performing exceptionally well lately. In the past 24 hours alone, it surged by 100%, reaching a new all-time high. Over the course of the week, BONK has seen substantial gains.
This surge in BONK’s price has also had a positive impact on SOL. The token has increased by over 8% in the past 24 hours and is now trading close to $80.
Among other top altcoins, Avalanche has gained 5.5% and is currently trading at $40. ETH, ADA, XRP, DOGE, TRX have minor gains or insignificant losses. The total crypto market cap remains above $1.6 trillion.
Hot Take: Bitcoin Recovers from Wallet Vulnerability Concerns
Bitcoin went through a period of volatility due to concerns about wallet vulnerabilities reported by Ledger. However, it managed to recover most of its losses and is currently trading around $43,000. Meanwhile, SOL and BONK have experienced significant surges, with BONK reaching a new all-time high. The total crypto market cap remains above $1.6 trillion.
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