Bitcoin (BTC) continued its day of intense volatility on December 1, hitting the lowest level of $ 18,400 after just over an hour that struggled with $ 20,000 and broke a new full-time high.
Coin360 cryptocurrency market overview
Bitcoin gets rid of $ 1600 in less than two hours
I tracked Cointelegraph Markets and TradingView BTC / USD data as they reflected some of the most unpredictable movements in history.
At the time of publication, the pair was between $ 18,500 and $ 19,000, with conditions changing every minute.
Just an hour ago, a $ 20,000 burglary attempt resulted in a drastic rejection, and in less than ten minutes it dropped from $ 1,000 to $ 19,000.
The move mimics the behavior of Bitcoin last week, when a first attempt to break through $ 19,500 also caused serious problems.
As reported on Monday, traders will now likely be looking for a newly created gap in bitcoin futures in the $ 16,900 to $ 18,300 range that could be “filled” if the price continues to correct.
Disappointing Ethereum prices at Ethereum 2.0 launch
Meanwhile, volatility has spread to altcoins, with Ether (ETH) suddenly losing $ 600, trading around $ 575 at press time, reversing the previous day’s profits.
Performance is hindered by the release of Ethereum 2.0, the long-awaited update of the Ether Mother network protocol.