Bitcoin cryptocurrency Digital Bitcoin

Bitcoin Rebounds After Sharp Plunge, Climbs 7.6% to Pass $20,400

Reading now: 835
ndtv.com

Bitcoin is now up 16.7% from this year's low of $17,592.78 on June 18.Bitcoin on Sunday rose around 7.6% to $20,404 from its previous close, signaling a recovery from a sharp drop on Saturday.Bitcoin, the world's biggest and best-known cryptocurrency, is now up 16.7% from this year's low of $17,592.78 on June 18, when it tumbled on investor worries about growing troubles in the crypto industry and amid a general pull-back from riskier assets.Andrew Brenner, head of international fixed income at National Alliance Securities, on Sunday said the rise in Bitcoin was likely the result of retail investors buying up the digital currency over the weekend, when few professional traders are working."Some buyers think now is a good time to get in because Bitcoin got down to a level which shows some near-term attractiveness," Brenner said.

He added that Bitcoin and other digital currencies remained extremely volatile.Ether, the coin linked to the ethereum blockchain network, on Sunday rose more than 13% to $1,131 from its previous close on Saturday, which at $993 marked Ether's lowest price since the beginning of this year.The sell-off in the crypto market has coincided with an equities slide, as U.S.

Read more on ndtv.com
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA