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Bitcoin climbs back above $30,000, rebounding after a sell-off in cryptocurrencies

From cnbc.com

Bitcoin and other cryptocurrencies recovered on Wednesday after a brutal sell-off, with the world’s biggest digital coin climbing back above $30,000. The price of bitcoin rose almost 4% in the last 24 hours, to $30,798 at 5:25 a.m. ET, according to Coin Metrics data. Smaller cryptocurrencies ether and XRP also rebounded, up around 7% and 3% respectively. The crypto market saw significant selling on Tuesday, with bitcoin falling below the $30,000 mark for the first time since June 22. The plunge came on the back of news that the New Jersey attorney general issued a cease and desist letter to crypto lending firm ... (full story)

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  • Category: Fundamental Analysis