•Bitcoin’s price is currently uncertain at around $26,000 after seeing a dip to a two-month low of $25,300.
•Thorchain’s native token (RUNE) has seen a 30% weekly surge despite the broader market crash.
•Europe saw the first spot BTC ETF go live on Euronext Amsterdam, although this did not have an immediate impact on BTC’s price.
BTC Price Shaky Around $26K
Despite recovering a few hundred dollars since yesterday, Bitcoin’s price remains unstable at around $26,000. Last week saw uneventful price performance before it headed north on Monday and touched $29,700 – however this was followed by a dip below $29,000 by Thursday due to speculations that Elon Musk’s SpaceX had sold its remaining BTC stash. This drove BTC to its new two-month low of $25,300 before it managed to bounce off and spike above $26,000 on the same day.
RUNE Defies Market Sentiment with 30% Weekly Surge
THORChain’s native token (RUNE) is among the few coins with weekly increases amid the broader market crash. Most alts have finally turned green in very modest fashion – XRP maintains the line at around $0.5.
First Spot BTC ETF Goes Live On Euronext Amsterdam
Europe recently saw its first spot BTC Exchange Traded Fund (ETF) go live on Euronext Amsterdam – though this appears to be bullish news on the surface it had no immediate effect on Bitcoin’s price when announced just one day prior to its dip below $29k.
Cryptocurrency Market Overview
The cryptocurrency landscape worsened even further over the past week as most alts have finally turned green in very modest fashion with XRP maintaining the line at around $0.5 while Bitcoin continues to remain shaky at around $26k.
Conclusion
Despite some positive news such as Europe seeing its first spot BTC ETF go live and Thorchain’s native token (Rune) defying market sentiment with 30% weekly surge – overall cryptocurrencies remain in an unpredictable state with Bitcoin being particularly volatile within recent weeks having seen both highs and lows during that period .