The prices of cryptocurrencies seem to be stabilising further after last week’s crash following El Salvador’s hindered bitcoin adoption.
The global crypto market has grown by about 3.5 per cent in the last day, currently valued at $2.13 trillion.
Bitcoin, which was priced at above $52,000 before last week’s crash that wiped out nearly 15 per cent of its value, has grown by over 4 per cent in the last 24 hours, and is currently valued at over $47,000.
The prices of other cryptocurrencies, including Ethereum (ETH) and Binance Coin (BNB) which took a nosedive last week, are showing signs of recovery, growing by about 3 per cent over the last day.
British banking giant Standard Chartered noted recently that bitcoin’s value could hit new all-time highs around late 2021 or early 2022, but other forecasts say current trends could result in lows below $20k by the end of the year.
You can follow all the latest news, updates and expert predictions right here.
