Bitcoin price has rebounded back to above $57,000 after the sharp drop « Naijatechnews

Bitcoin price has rebounded back to above $57,000 after the sharp drop

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after hitting new highs one after another, the price of Bitcoin, the most watched cryptocurrency, dropped sharply over the weekend. It dropped to 52,000 US dollars on Sunday, which was close to 64,000 on Friday. The dollar has fallen significantly .

But after the sharp drop, the price of Bitcoin also rebounded.

According to the information on the cryptocurrency website coindesk, the price of Bitcoin is currently US$57095.75 per coin. It has risen by 7.96% in the last 24 hours and has a market value of US$10229 billion.

On bitcoin, another cryptocurrency information website, the price of bitcoin was $57041.68 per coin, which was also above $57,000.

Although compared with the situation after the weekend’s sharp drop, the price of Bitcoin has clearly rebounded, and it is also significantly higher than the $52,000 at its lowest in the last 24 hours. However, compared with more than $64,000 last week, the current price is 57,000. There is still a big gap in the dollar.

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