Bitcoin price (BTC/USD) bounces back following poor Wednesday morning trading
Bitcoin and the larger digital currency market have struggled recently amid a corrective trend following its strong rally earlier this month. The congressional hearings in the US over Facebook’s Libra crypto project have also dampened the market sentiment. The recent uptick signals that the market might be attempting to bounce back following the challenging trading seen in the past couple of sessions. Most major altcoins have also seen solid gains over the past 24 hours, with Litecoin (LTC) being the standout performer in the crypto top 10 thanks to its 24-hour gain of over 15%.
In today’s trading, the Bitcoin price stood at $9,764.25, as of 13:14 BST. The digital coin has gained 4.3% in the past 24 hours, Coinmarketcap data shows. The coin’s total market capitalisation currently stands at just over $174 billion, which represents 65.1% of the combined value of all digital currencies.
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