Bitcoin's Volatility Continues with Wild Swings Above and Below $30K

Bitcoin and other major cryptocurrencies experienced significant market volatility over a 24-hour period, with bitcoin reaching a peak of $30,000 before settling above $29,000. The market saw losses of around $310 million from liquidations of both long and short positions. Meanwhile, the crypto industry and regulators are struggling to find linguistic consensus, particularly in the conversations between builders of decentralized finance (DeFi) and financial regulators. The Consensus 2023 conference is currently underway in Austin, Texas, with discussions on the future of the digital asset market's evolution.