Bitcoin has rallied nearly 15% in the past 24 hours. Ether hits $1,200.
Bitcoin briefly broke above $40,000 again Thursday morning as the market reversed the bulk of its losses from Monday.
- In the past 24 hours, the leading cryptocurrency rose to $40,066.32 before settling back to $39,521.46, up 14.25%, per CoinDesk’s Bitcoin Price Index (BPI).
- Over the weekend and into early Monday morning, bitcoin (BTC, +4.32%) dipped nearly 30% from its peak just below $42,000.
- With the downturn seemingly over, other cryptocurrencies are following bitcoin, with ether (ETH, +10.5%) reclaiming $1,200, up 13%.
- Polkadot has gained 21% and litecoin (LTC, +3.8%) is up 11% in the past 24 hours, per market data from Messari.