Bitcoin recovered some of its lost ground in the last 24 hours following a crypto crash.
After former US President Donald Trump labelled Bitcoin a “scam” and said he doesn’t like it “because it’s another currency competing against the dollar”, the markets saw a massive sell-off from Sunday into Monday morning.
After Bitcoin (BTC) tumbled 9% in that period – mirroring many of the other majors – it regained 2% from Monday morning to Tuesday, almost reaching $33,500.
It remains around half of its record value, set just a few weeks ago, while the recent falls took the overall market cap of cryptocurrencies below $1.5 trillion for the first time since May.
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