Bitcoin has almost recovered from two flash crashes on Wednesday which wiped hundreds of billions of dollars from the crypto market, and is currently priced at about $62,000.
Ethereum (eth) and Solana (sol), which also dropped in value last Wednesday, have recovered since.
After hitting a record high of about $4,400 on Friday, ETH slipped on Monday, but has grown by about 2 per cent in the last 24 hours. It is currently inching closer to the $4,400 mark again.
Polkadot has had the biggest surge in the last 24 hours, growing by about 15 per cent during the period.
Meme currency dogecoin, and its spin-off Shiba Inu coin, have slipped in value over the last 24 hours after their steep growths last week.
Despite BTC’s latest price slide, some prominent analysts have stuck by earlier predictions that bitcoin will hit new all-time highs before the end of 2021.
We’ll have all the latest news, analysis and expert price predictions in our live coverage of the crypto market below.
