Bitcoin Pulls Back, ZCash Explodes With 35% Gain
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The past 24 hours saw Bitcoin attempt to surge past the $124K level but failed and is now attempting to establish a range around $122K.
The altcoins experienced more substantial volatility. Zcash (ZEC) posted a double-digit price increase, whereas Aster (ASTER) leads the losers’ team.
BTC Calms Down
It has been less than three days since the primary cryptocurrency soared to a new all-time high of over $126,000. Since then, however, the bears took charge and prevented another spike to uncharted territory.
At one point yesterday (October 8), the bulls attempted to regain control and pushed the valuation to $124,000. Nonetheless, that surge was short-lived, and BTC headed south to as low as $121,500. In the past several hours, the volatility has been minor, with the asset hovering in the $121,500-$122,000 range.
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