Global #increased volatility

The price of BONK, a meme coin that has generated significant attention within the crypto space, is showing impressive bullish sentiment today.

Bitcoin (BTC) saw its price peak at nearly $62,000 yesterday, only to face a sharp rejection and fall back by approximately $4,000. This volatile movement has significantly impacted the broader cryptocurrency market, leading to declines across major altcoins as well.

Earlier this week, the Bitcoin market faced a significant downturn, attributed primarily to growing concerns about the US economic outlook and increased volatility in the broader financial markets. Ethereum, in particular, lagged behind, influenced by heightened futures market activity and substantial selling pressure from large holders.