This week the cryptocurrency market went on a massive rollercoaster where the market cap ping-ponged tremendously. At the end, it turned out somewhat fine, but what a ride it was. Firstly, Bitcoin’s price was trading quietly around $27,500 throughout the beginning of the week, but all that changed on April 26th when it soared toward $28,500. After spending a few hours there, it was up only once again. BTC touched $30K and sent the entire community in disbelief. The bears got wrecked, and talks of “we’re so back” skyrocketed. Ultimately, it resulted in hundreds of millions worth of liquidated long and short positions.
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