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The Independent UK
The Independent UK
Technology
Anthony Cuthbertson and Vishwam Sankaran

Bitcoin price news – live: Crypto market surges as Russia and Turkey explore cryptocurrency

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Bitcoin, Ether Still Perform Better Than Stock Indexes Since Feb 2020 Despite Sell-Off

Bitcoin’s price collapse last week reverberated throughout the crypto market, with leading cryptocurrencies continuing suffering heavy losses.

BTC fell more than $10,000 between Friday and Monday, reaching as low as $33,184, according to CoinMarketCap’s price index – less than half the record peak it experienced in November.

The world’s most valuable cryptocurrency has since staged a steady recovery, reaching above $38,000 on Wednesday amid news that Russian President Vladimir Putin is interested in exploring crypto mining.

The overall market also bounced back slightly, though the price rise slowed down considerably on Thursday.

Ethereum (ETH), Cardano (ADA), Binance Coin (BNB) and Ripple (XRP) have all failed to recover from the crash, though analysts are divided over which way the market is heading from here.

You can follow all the latest news, analysis and expert price predictions in our live blog below.

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