Bitcoin news
A dramatic meltdown in bitcoin and other cryptocurrencies appears to have slowed, with investors left counting their losses after one of the most dramatic plunges in recent times.
The whole market is still significantly down over the last week. Ethereum, for instance, has been particularly hard hit and lost 24 percent of its value in the last seven days.
There are signs that dramatic fall could be turning around, however. Bitcoin is up 14 percent over the last day – and back through the important psychological milestone of $30,000 – and the market as a whole is up 13.5 percent.
Fear shook the market this week after the Terra (LUNA) cryptocurrency fell by more than 99 percent overnight, and the wider crash has pushed another stable coin, Tether, below its dollar peg.
You can follow all the latest news, analysis, and expert price predictions for bitcoin, as well as other leading cryptocurrencies like Ethereum (ETH), Solana (SOL), and Cardano (ADA), right here.
Bitcoin, and altcoin prices surge as market meltdown slows
The overall crypto market has surged by nearly 10 percent in the last day following its dramatic crash on Thursday.
Bitcoin has surged in price by about 9 percent in the last 24 hours, inching close to $30,500.
The leading cryptocurrency is still down by over 15 percent compared to its value a week earlier.
Ethereum has also grown by about 9 percent in the last day.
Cardano, dogecoin, polkadot, and avalanche have each risen by over 20 percent in the last 24 hours as Thursday’s crypto market meltdown appears to be slowing down.
The crypto market is currently valued at $ 1.3 tn, which is still close to half of its value last November.
