BTC to Experience Higher Volatility; Yuga Labs Buys CryptoPunk's IP Rights
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Chart of the Day
Over the past weekend, the crypto market continued its sideway movements within a tight range as geopolitical tensions and macroeconomic concerns raged on. In the early hours of Monday (Asian trading hours), BTC shed 3% of its market value within a matter of hours to plunge to the $37.4k level after a single long wick shattered the $38k support. Since then, the largest crypto by market cap has been gradually inching its way back up, and has managed to stabilize back above the $38k support as of the time of writing. ETH kicked off the week with a marginal percentage gain from Sunday, while most major altcoins remain in the red in spite of BTC's comeback in the past hour.