Bitcoin and Ethereum are climbing back up after a hair-raising midweek crash that sank prices to the lowest they’ve been in months.
The crash started on Tuesday, and by Wednesday Bitcoin’s price had bottomed out at $29,600, according to crypto data aggregator CoinGecko. The last time the currency was around that level was on January 2, when a single Bitcoin was worth $29,352.
It was a similar story with Ethereum. On Tuesday morning the second-largest cryptocurrency by market capitalization hit a low of $1,734—the cheapest it’s been since March 28 this year, when one ETH cost $1,713.
At a price of $33,970 at the time of writing, Bitcoin has gained 15% since Wednesday. Ethereum, on the other hand, has gained 25% since Tuesday’s low and currently trades for $2,170.
For both currencies, the bulk of the price movement happened overnight on Wednesday and Friday. Bitcoin grew 8% overnight on Wednesday while Ethereum grew 11%. Thursday night brought no major change to the price
Źródło: https://decrypt.co/76822/bitcoin-climbs-15-after-midweek-crash
