Name Price24H (%)
Bitcoin (BTC)
$42,572.00
-0.01%
Ethereum (ETH)
$2,968.33
-1.09%
XRP (XRP)
$0.93
0.31%
Litecoin (LTC)
$156.13
-1.35%
Bitcoin Price Briefly Revisits $40,000 as Bulls Pare Week’s ...
Market Analysis

Bitcoin Price Briefly Revisits $40,000 as Bulls Pare Week’s Losses

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.

<Source: Coindesk>

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