Bitcoin Bounces Back to $79K Amid Volatile Market Conditions
The cryptocurrency market is off to a volatile start this week, with Bitcoin (BTC) experiencing a significant price dip yesterday before rebounding today. BTC's price dropped to $77,600 after being rejected at over $80,000 on Monday, but it has since recovered to $79,000 as of now.
Most larger-cap altcoins are also in the green today, with Ethereum (ETH) trading above $2,500 and XRP defending its key support level at $1.40. The market cap is up 1.07% over the past 24 hours, with a spot volume of $37.29B.