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Bitcoin Faced Massive Volatility Amid Binance FUD, DOGE Skyrockets 25%: Market Watch

Bitcoin Faced Massive Volatility Amid Binance FUD, DOGE Skyrockets 25%: Market Watch

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%.

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