Bitcoin price action was volatile yesterday amid the highly anticipated meeting between several European leaders and the US President.
On a daily basis, several altcoins recorded impressive gains, notably OKB and MNT which both surged double-digit percentages.
The major cryptocurrency, Bitcoin, hit a new high on Thursday after a massive price surge that began on Wednesday, surging to over $124,000 and creating a new all-time high.
However, within hours of that, BTC plunged to $121,000, before falling further to $118,000 following the release of July Producer Price Index (PPI) data.
The weekend saw a flat move around $118,000. However, the situation changed on Monday when Bitcoin fell to an 11-day low of just under $115,000, ahead of a meeting between President Trump and President Zelenskyy along with European leaders.
Despite both sides reporting some progress, and Trump also promising to provide security guarantees to Ukraine, BTC failed to break through the $117,000 level and continued to fall below $115,000 early this morning. It later bounced back above that level, but remains weak with a weekly decline of 3%.
Bitcoin’s market cap remains around $2.230 trillion, with a market dominance of almost 58% on CoinGecko (CG).
