Bitcoin rate recovered to the level of $ 7200

Bitcoin's price has plummeted induring the past days, after dropping below $ 7,000 at the beginning of the week. Having reached a minimum of about $ 6,400 earlier on Wednesday, the market made a reversal, at least local, which raised bitcoin to the level of $ 7,200, at which it was trading at the time of publication.

The volatility of the last trading session was stunning, even by the standards of the traditionally hectic cryptocurrency market:

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On the Binance exchange, the largest in terms of trading volumeBitcoin, from 15:51 Moscow time, about 1,000 BTC was exchanged within two minutes, and another 897 BTC the next minute. As a result, the price dropped and stopped at about $ 6,500. This was followed by transactions for another 986 BTC, which brought the rate to a minimum of about $ 6,435.

A sharp reversal began at 16:31 - within two minutes, bitcoin added $ 74 and rose to $ 6,595.94. By 19:00, the leading cryptocurrency was trading at $ 6,900 per unit, and at 23:30 bitcoin was already breaking through the resistance of $ 7,200, around which the movement has stalled so far.

Bakkt's Bitcoin futures platform, meanwhile, marks a new record for trading volume. According to Bakkt Volume Bot, it is 5,690 BTC ($ 39.80 million), trading continues.

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The previous record was 5,671 BTC - it was recorded on November 27.

Leading altcoins grow with bitcoin:

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It is worth noting that the last days for themturned out to be especially severe, in connection with which the majority losses on the weekly segment are still in the range of 7-10%, while Bitcoin won back the fall almost completely.

Segment capitalization rose from $ 175 billion to $ 191 billion:

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