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Bitcoin and Major Altcoins Rebound Following Flash Crash
Bitcoin experienced a flash crash, dropping from $81,600 to $80,750 before rebounding back to $82,000. Analysts expect more volatility to follow on Monday. Over the course of the week, Bitcoin fluctuated significantly, reaching a high of $84,250 before falling to a monthly low of $79,800 amid inflation concerns. Most altcoins mirrored the market volatility, with Ethereum struggling to stay above $2,400. Several larger-cap coins remained in the red, while the total cryptocurrency market capitalization fell by 0.2% to $2.730 trillion.