Global Risk and China FUD Result in a Bitcoin Rollercoaster: The Weekly Crypto Recap

There are no boring days in crypto, and this week, like a lot of others, has managed to definitively prove it. The past seven days have been an absolute rollercoaster in the cryptocurrency market, so let's start with Bitcoin. BTC's price was sitting comfortably at around $47,500 last Friday and started improving slowly throughout the weekend. On Saturday, we saw an attempt at $49K, which was unfortunately rejected. On Sunday, the price retraced a bit, but nothing spelled major signs of trouble. Then came Monday. Throughout that day, the price of Bitcoin started plummeting, and the trend continued throughout the…