ZEC and NEAR Plummet Hard, BTC Recovers From Rollercoaster Ride: Market Watch

STX is the only notable gainer over the past 24 hours. Bitcoin’s price nosedived once again on Tuesday morning, but this time it marked a higher low and rebounded quickly toward $84,000. Most larger-cap alts have experienced more substantial declines, including ZEC, ADA, and NEAR. SOL is below $110, ETH is down by over 1%, while XRP lost the $1.40 level. BTC Goes Wild Bitcoin’s troubles began at the start of the previous business week when it was rejected at $87,000 for the fourth or fifth time in the past half a month. At first, it held at $85,500 before bears took complete control and pushed it down to $83,500; the final move came last Thursday, when the cryptocurrency slumped to $80,400. After losing nearly $7,000 in days, the asset was bound for a bounce-off, which took place by Friday evening and during the weekend. Bitcoin spent the next few days trading sideways between $82,000 and $83,000 before it tried to break out on Monday. However, it was stopped at $84,000 once again. More volatility ensued on Tuesday morning as BTC dumped to $80,850 (on Bitstamp) and then rebounded just as quickly to $84,000. Similar violent fluctuations harm over-leveraged traders, and the total val...