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Bitcoin’s price went through a massive rollercoaster on Friday night, dumping by $3,000 in minutes before it recovered some ground to $67,000.The business week started quite promising for the primary cryptocurrency, which jumped on Monday from $68,000 to $69,500 to chart its highest price tag since late July. However, it faced an immediate rejection at that point that pushed it south to $67,000 by the end of the day and on Tuesday.
More volatility and price declines followed on Wednesday as the bears initiated a massive leg down that drove BTC down to $65,000. Nevertheless, the bullsthat the US government had launched an investigation against Tether. Although the stablecoin issuer denied the claims, the damage was done, and BTC dumped by over three grand in minutes to $65,500.This is all you need not to miss any price action in the raging crypto markets.
. Being 1.3% down on the day means that its market cap has slipped to $1.320 trillion. However, BTC’s dominance over the alts has shot up to 55.7% on CG.The news impacted the altcoins even more, as shown by the growing BTC dominance. Ethereum, Binance Coin, Tron, Ripple, Bitcoin Cash, and Cardano have dropped by 1-3.5% in the past day. SOL, DOGE, TON, AVAX, LINK, and SHIB have dumped even more, with losses of up to 5.3% in the case of the second-largest meme coin.
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