Bitcoin Tumbles Toward $36K as Crypto Markets Sell Off: This Week's Recap
The market corrected in what seems to be an expected retrace. Bitcoin is trading around $36K amid a broader sell-off....
- The cryptocurrency market experienced a correction, with Bitcoin trading around $36K.
- Most coins are trading in the red, following weeks of increases.
- Bitcoin's price dropped by 3% and returned to $36K after briefly reaching $38K.
- Solana (SOL) and Dogecoin (DOGE) were the only top 10 altcoins in the green.
- Ethereum (ETH), Binance Coin (BNB), and XRP experienced price drops.
- BlackRock filed for a spot Ethereum ETF, while Tether announced a $500 million investment in Bitcoin mining.
- The market rally may be fueled by the involvement of South Korean traders.
The sentiment in the article is mostly neutral, with a focus on the market correction and various developments in the cryptocurrency industry.