Today is a sign of relief for the investor as major cryptocurrencies – Bitcoin, Polkadot, Ethereum, and many major cryptocurrencies are again in green. Bitcoin, that had disappointed the investors the most and was trading below $30,000 on Tuesday, June 22, 2021, today it boosted the morale of the investors as on Wednesday, June 23, 2021, the coin is trading at $34,144.53 and has seen a hike of 6.14%.
Bitcoin Recovers After Falling Below $30,000, Ether Gains Over 3%
Past one week was tough for investors as the prices of major cryptocurrencies fell drastically. It was for more than one week, when the major cryptocurrencies were in red. The prices of major cryptocurrencies like Bitcoin, Ether and Dogecoin have again seen a hike today after broad-based improvement in the virtual coin market.
Major cryptocurrencies had crashed on Monday as China further expanded its crackdown on virtual coins and ordered all the authorities in-charged for this to shut all the crypto-mining projects as soon as possible. This crackdown affected Bitcoin badly and because of Bitcoins downfall other cryptocurrencies were in red. But today when all the cryptocurrencies are painted in green, this must have given some hopes to the investors.
We all know crypto market is a volatile market and we don’t know what surprises this market have for us and we have again seen it today. After falling below $30,000 on Tuesday for the first time in nearly five months, Bitcoin the oldest cryptocurrency has again clawed its way back above $34,000, up by over 6.14% per cent.
Though the major cryptocurrencies are in green, but this could be a warning sign for the investors. Current situation in China is such that the People’s Bank of China has urged the nation’s largest banks and payment firms to crackdown even harder on cryptocurrency trading. So, whatever the situation is, investors need to alert throughout.
Top Cryptocurrencies And Their Value On June, 23, 2021 (Wednesday)
Value (Wednesday, 23 June 2021)