Bitcoin experienced another round of volatility following rumors of Binance’s CEO being wanted by Interpol.
Several altcoins are still in the red, but Dogecoin surged momentarily earlier today, reaching $0.1 driven by Elon Musk.
Bitcoin’s Price Fluctuations
Bitcoin’s price movement began the week calmly at around $28,000. However, news surrounding Binance and its CEO pushed the cryptocurrency’s value down. Rumors surfaced on Twitter and some crypto media outlets claiming that Changpeng Zhao was served with a Red Notice by Interpol. CZ quickly denied the rumors, identifying them as fake news.
Despite CZ’s clarification, BTC experienced a sharp drop and decreased over a grand lower to $27,200. However, the cryptocurrency rebounded and returned to about $28,000.
The market cap of Bitcoin is over $550 billion, but its dominance over the alts has slightly reduced to 46.1%.