About a couple weeks ago we saw BTC drop below 20k only to bounce higher. Today we saw something similar again.
In a 24 hour span BTC fell to as low as below $19k only to go higher than when it started at the day as it hit $20.5k and higher.
This kind of volatility is apart of the risk we have when it comes to potential higher prices and since the prices are not technically sliding in a downtrend I would say it is in consolidation.
For the week BTC is almost back to flat.
For the month BTC is still down but last two weeks mostly consolidated only to bounce higher.
On another bullish news former Luna and UST now known as Luna classic and UST classic are rising from a bottom.
USTC is now in the top 100 in market cap again while Luna classic is close to top 200. Things could get interesting for these tokens as each are moving over 200% overnight.
This was all a title click bait as it does not seem the crypto market is all that bearish. There are signs of stabilizing and prices on certain coins bouncing higher.
None of what I write is financial advice. It is for entertainment purposes only. Thanks for reading!
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I don't understand why LUNA classic is even going up in price. Nobody is really using it right now though?
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Hopium. Not many uses that I know of but it is still paired up with ust classic. So burn enough Luna classic to try to get ust classic back to par with usd is my guess.
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