Bitcoin Stagnates, Altcoins Thrive on Major Regulatory Developments in the US: This Week’s Crypto Recap

The past seven days were quite tumultuous, to say the least. The cryptocurrency market went through a period of enhanced volatility, and even though Bitcoin is trading flat at the end of it, this doesn’t show the full picture.

This time last week, BTC was going through a considerable correction, which resulted in a crash to around $112,000 on August 2nd. From there, the price attempted to recover and pushed above $115K a day later, but the sellers weren’t having it and initiated another serious assault, which resuled in a drop below $113,000.