Market Wrap: Bitcoin Recovers From Sunday Slump to $56K as Doge Jumps 19%
Volumes on the CoinDesk 20 eight spot BTC venues was over $8 billion for the first time since Feb. 23.
Analysts pointed to the Biden proposal to double capital gains taxes on high-income individuals as the catalyst.
As BTC's price continues lower, one possible benefit is a decrease in the crypto's volatility.
The recent surge in DeFi activity is altering the crypto market.
The price of bitcoin has changed little over the past 24 hours, despite the asset’s notorious volatility.
Bitcoin price takes a pit stop with ether and dogecoin stealing the spotlight.