Bitcoin price steadies after dramatic fall wiped billions off the value of the cryptocurrency

Bitcoin price steadies after dramatic fall wiped billions off the value of the cryptocurrency

Bitcoin price steadies after dramatic fall wiped billions off the value of the cryptocurrency

The i says the price of bitcoin steadied on Wednesday after steep falls on Tuesday wiped billions of dollars off the value of cryptocurrencies.

Bitcoin dropped in price from above $52,000 (£37,744) to below $43,000 on Tuesday following problems with its adoption as legal tender in El Salvador. It recovered to around $46,000 but was still well down on the previous day’s peak.

Ether, the second biggest cryptocurrency by market value, also fell by as much as 5 per cent before rebounding early yesterday to $3,390, a two-day fall of about 14 per cent, Bloomberg data showed.

https://inews.co.uk/news/bitcoin-price-steadies-after-dramatic-fall-wiped-billions-off-the-value-of-the-cryptocurrency-1189841


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