Most volatile weekend in a year as Solana dominates yet Bitcoin recovers

Bitcoin had probably the most volatile weekend in a year as Bitcoin slipped as low as $64,550 after reaching a new all-time excessive of $72.760 on Thursday, March 14. As of press time, Bitcoin has recovered to commerce round $68,300. Nevertheless, a number of worth swings between 3% – 7% have been prevalent all through the weekend.

Bitcoin weekend buying and selling 2024 (Supply: TradingView)

Bitcoin has seen pretty secure weekend buying and selling for the reason that launch of the Bitcoin ETFs in the US earlier this year, with many of the volatility occurring early in the week throughout US buying and selling hours. Nevertheless, additional evaluation of weekend intervals all through 2023 reveals that flat weekends have been a pattern for a lot of 2023.

Bitcoin weekend trading 2023 (Source: TradingView)
Bitcoin weekend buying and selling 2023 (Supply: TradingView)

The vertical bars on the charts above denote Saturdays and Sundays buying and selling for Bitcoin all through 2023 and 2024. In contrast to this weekend, most weekends noticed little worth swings past 2-3%. Bitcoin’s worry and greed index stays in the ‘extreme greed‘ zone, whereas it has fallen a couple of factors since final week’s heights.

Throughout the broader market, a sea of inexperienced denotes optimistic motion over the previous 24 hours, with the bulk remaining optimistic over the past seven days. Probably the most notable is Solana, which has seen a dramatic 36% improve over the previous week, rising towards Bitcoin and main the market.

Crypto top 10 (Source: TradingView)
Crypto high 10 (Supply: CryptoSlate)

Dogecoin, Cardano, and Ethereum are the one digital belongings that haven’t recovered to close native highs over the previous seven days. Nevertheless, solely Bitcoin and BNB Chain are at present inside 20% of the all-time highs.

As of press time, the US market would hole down roughly 2% if the value remained at present ranges over the following 16 hours.

The publish Most volatile weekend in a year as Solana dominates yet Bitcoin recovers appeared first on CryptoSlate.

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