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Bitcoin, Ethereum Rebound Sharply After Another Crash while El Salvador Misses 'the F***ing Bottom'
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The crypto market saw another sharp correction on Saturday morning (UTC time), followed by a strong rebound, while over USD 2.5bn in derivatives trading positions were liquidated in the past 24 hours. El Salvador "bought the dip" once again.
At the time of writing (08:43 UTC), all top 100 cryptoassets by market capitalization are still in the red. Bitcoin (BTC) trades at USD 47,778, recovering around 10% from USD 43,530 reached earlier today. The price is still down 15% in a day, reaching the level last seen at the beginning of October. BTC is now down 24% in a month.
Meanwhile, ethereum (ETH) performed better during this crash and is now down by 13%, trading at USD 3,977. It recovered around 14%, after diving below USD 3,500 today. ETH is
Read more on cryptonews.comAbout this in other media
Bitcoin and Ethereum Price Predictions for 2022 cryptonews.com /3 years ago
El Salvador at it again, Nayib Bukele announces purchase of 150 Bitcoin ambcrypto.com /3 years ago
El Salvador stacks 150 Bitcoin after BTC price crashes below $50k cointelegraph.com /3 years ago
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