Bitcoin bounces back above $30,000 after Tuesday’s tumbledown
Bitcoin rose 6.2% in the last 24 hours, to $31,676 at 10:40 AM ET, according to data provided by Coin Metrics. Ether was up 9% and XRP also rebounded 6%
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Published - Jul 21, 2021, 07:28 PM ET
Last Updated - Feb 09, 2024, 02:18 PM EST
By Yashasvini Razdan, 1:51 PM ET
The cryptocurrency market recorded a recovery on Wednesday as Bitcoin climbed back above $30,000 after Tuesday’s sell-off. Other cryptocurrencies including Ether and Dogecoin also advanced.
Bitcoin rose 6.2% in the last 24 hours, to $31,676 at 10:40 AM ET, according to data provided by Coin Metrics. Ether was up 9% and XRP also rebounded 6%.
Tuesday witnessed a massive sell-off wiping around $89 billion from the entire cryptocurrency market in 24 hours as of 6:29 AM ET on Tuesday, CoinMarketCap data reported. Bitcoin dropped more than 5.5%, while Ether, the second-largest crypto, fell over 6%, and XRP sank about 9%, according to CoinDesk data.
