Bitfinex Report: Bitcoin Trading Becomes Volatile, Major Crypto Assets Enter Correction Phase
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PANews on February 24 reported that according to a Bitfinex report, due to the continued stagnation of the market momentum, Bitcoin has been trading between $91,000 and $102,000 for over 90 days. On Friday, February 21, volatility spiked after news of a hack on Bybit and a massive sell-off of S&P 500 options, causing a 4.7% drop to around $95,000, before recovering over the weekend. Across the cryptocurrency market, most major assets entered a correction phase after a rebound at the end of 2024. Bitcoin (-5.9%), Ethereum (-16.9%) and Solana (-33.1%) all declined in February after rallying in November and December 2024, while Memecoins that surged in December plummeted by -37.4%.
BTC
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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