BTC, ETH, XRP Recover From a Flash Crash as More Volatility Looms: Weekend Watch

Calls for a "Black Monday" are going viral online, so is this the calm before the major storm? The typical weekend sluggishness was briefly disrupted over the past several hours, with BTC dipping by a grand before rebounding just as quickly in what appeared to be a flash crash. The altcoins followed suit, many experiencing even more violent volatility during a calm weekend. However, even more fluctuations are expected on Monday. BTC Dips and Rebounds The business week began on the right foot for the primary cryptocurrency, with a price surge to $84,250. However, it quickly came to an end as the bears took over and pushed the asset south to $81,000 within hours. Interestingly, the recovery was equally rapid, and BTC knocked on the $84,000 door by Tuesday morning. It remained close to that level until Wednesday, when the US CPI numbers for September were announced. As inflation appeared slightly higher than expected, BTC dipped to $82,000. A day later, the PPI confirmed this narrative, and bitcoin nosedived to $80,200 at first, before the bears drove it a step further to a monthly low of $79,800. The bounce-off was quite impressive, as the cryptocurrency jumped by several grand almos...