Bitcoin has crashed – and then almost instantly risen again, to higher prices than it was before.
It is just the latest twist in a difficult start to 2022 for the cryptocurrency, which has plunged dramatically since it hit record highs in November.
On Monday, bitcoin suffered a tough day before a dramatic crash that it took it below $40,000, thought to be an important price for the fortunes of the cryptocurrency. Experts had feared that if bitcoin dropped through that price, it could go into further falls as market confidence continued to wane.
In fact, though, the cryptcocurrency went straight back up again, to a higher price than it was before that small crash.
The price was at $40,700, dropped to $39,700 within minutes, and was then trading back at above $41,000 just moments later.
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