Bitcoin Wavers at $62K Amid Major Swings in Stocks, Gold; Memecoins Falter as Profit-Taking Sets In

Cryptocurrencies belied their reputation for volatility, as they didn’t seem to react to the large moves in major traditional assets on Tuesday.

Bitcoin (BTC) continued to tread water slightly above $62,000, with each drop below that price level quickly reversing but otherwise trading aimlessly. It was down 1.2% over the past 24 hours, in-line with the broad-market benchmark CoinDesk 20 Index’s performance. Ethereum’s ether <a href="https://coindesk.com/price/ethereum/" data-position="autolink" title="Ethereum Price

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