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Bitcoin, the largest by market value, rose by over 10% at one point, but then fell back to below $30000. As of the time of publication, Bitcoin's quotation was $28434, still reaching its highest point in nearly two months

In the past 24 hours, the net outflow of cryptocurrency market value was $10 billion, currently $1.20 trillion, a decrease of 0.96% from $1.21 trillion.The market value of Bitcoin increased by 0.43% to $563.18 billion during this period, while the market value of Ethereum decreased by 1.24% to $22.74 billion.During the reporting period, the performance of the top 10 cryptocurrencies was mixed. The largest gainers were Caldano and Bitcoin, with gains of less than 0.5% each.Others, such as dog coin, BNB, Solana, Boccado, Litecoin, and XRP, lost more than 2%, respectively.The market value of the tether (USDT) and the dollar coin (USDC) increased slightly to $81.61 billion and $30.73 billion, respectively. In contrast, the Binance US dollar fell to 6.3 billion US dollars.MusicIn the past 24 hours, the trading price of Bitcoin has increased by 0.1% to $29008, as of 07:00 Eastern Time in the United States. Its market dominance has increased from 46.6% to 47%.During the reporting period, the volatility of Bitcoin wiped out over $300 million in profits, following rumors that the US government and bankrupt password exchange company (Mt. Gox) were selling this asset. CryptoSlateInsight reports that the sharp fluctuations in Bitcoin prices are caused by poor market liquidity.