After a weekend of relentless losses, crypto’s top two coins made marginal recoveries on Sunday, rising above $20,000 and $1,000, respectively.
BTC has recovered by just over 15% in the last 24 hours, rebounding from a shocking low of $17,772 yesterday, to $20,482 at time of writing, according to data from CoinMarketCap. ETH, which plummeted to $898 yesterday, has recovered over 25% in the last day to $1,130 at time of writing.
The price fluctuations mark at least a temporary reprieve from stark downward trajectories over the last week. Last Sunday, BTC fell below $26,000 for the first time in a year, a negative milestone that triggered a massive selloff. Yesterday, BTC fell below $20,000, then $19,000, then $18,000, all in a single day. ETH declined fairly consistently alongside BTC, falling to $898 by yesterday afternoon, a striking drop of over 46% in just a week.
By tumbling below $20,000 and $1,000 yesterday, BTC and ETH created market conditions that experts have stated could...
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