LAST UPDATE: 23.19
Bitcoin is recovering over $ 20,000, which yesterday “reached” $ 17,749.
In particular, right now, according to investing.com, Bitcoin is up 13.19% in the last 24 hours and is moving at $ 20,203.6. At the same time, Ethereum strengthened by 22.60% and is moving at $ 1,114.22. However, the two most popular cryptocurrencies in the world are falling more than 26% and 25% respectively in the last 7 days.
The “dip” in the cryptocurrency market came in part from pressure from macroeconomic forces, such as rapid inflation and successive Fed interest rate hikes. It also does not help that cryptocurrency companies are laying off large numbers of employees and some of the industry’s most popular names are facing bankruptcy.
Bitcoin hit a record $ 68,789.63 in November, while Ethereum hit a record high of $ 4,891.70 the same month.
Source: Capital
I am Sophia william, author of World Stock Market. I have a degree in journalism from the University of Missouri and I have worked as a reporter for several news websites. I have a passion for writing and informing people about the latest news and events happening in the world. I strive to be accurate and unbiased in my reporting, and I hope to provide readers with valuable information that they can use to make informed decisions.
