Bitcoin (BTC) kept traders on their toes on Tuesday as a sudden price dip sparked a retest of $50,000.
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it shed $2,000 in two hours Tuesday.
The pair had hit $52,960 — nearly a four-month high — before consolidating and then heading lower.
The volatile conditions mark a memorable day for Bitcoin adoption, coming as El Salvador becomes the first country in history to adopt a partial “Bitcoin standard.”
For traders, the BTC price reversal, which at the time of writing had cooled at $50,500, was likely merely a technical event…read more.