On Wednesday, Bitcoin found another pit and fell to $46,650.80 around 13:30 UCT. But the crypto soon took a rebound and is trading in the green for the day. The general trend of almost all cryptocurrencies was bearish, but as the day progressed, the cryptocurrencies seemed on their way to rising.
Bitcoin trading at $47,702.80 is up 66.90 points (+0.14%) today. Simultaneously, the cryptocurrency is up 33.51% in the last six months and 63.12% for the year-to-date price.
The nascent crypto market has been incredibly volatile after Bitcoin crossed the $69,000 resistance in October this year. The cryptocurrencies were in the red after a better performance last week when Bitcoin again beat the $50,000 barrier and crossed it again after a long time.
On their track of recovery, the cryptocurrencies fell again to a holiday sell-off on Wednesday. At the time of writing, all the significant cryptocurrencies fell. Ethereum was trading at $3,773.89, down 2.66% for the day.
Even the dog-face tokens went into the dump and traded at, Dogecoin (DOGE) down 2.89%, and Shiba Inu Coin down almost 4%.
Cryptocurrencies have become more volatile because of the uncertainties around them. Most of the countries in the world seek to regulate the Crypto Market, which has further increased the volatility.
