Bitcoin, Ether Bounce After Disastrous Week for Crypto Market
- Date: 24-May-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Middle East
Bitcoin, Ether Bounce After Disastrous Week for Crypto Market
Bitcoin, the top cryptocurrency by market value, is changing hands near $36,500 at press time, representing a 5% gain on the day. The rise comes after a 25% decline over the week ended May 23 – the second straight weekly loss and the biggest since March 2020, per CoinDesk 20 data.
Ether, the second-largest cryptocurrency, is trading 8% higher at $2,257 (up 7.6%), having dropped by 41% over the same period – its most significant weekly decline on record.
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