Hassan Maishera
TL;DR
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Bitcoin slipped below the $66k zone yesterday as stocks, bonds, gold, and oil declined on Wednesday.
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The leading cryptocurrency is now trading above $67k.
BTC Recovers Above $67k After Yesterday’s Decline
The cryptocurrency market is performing well following yesterday’s market-wide selloff. Bitcoin dropped to the $66k level on Wednesday following a selloff that saw stocks, bonds, gold, and oil underperform.
However, Bitcoin has recovered and is trading above $67k again. At press time, Bitcoin’s price stands at $67,038, up by less than 1% in the last 24 hours. While Bitcoin has recovered, Ether continues to underperform.
The second-largest cryptocurrency by market cap is down more than 2% and has dropped below $2,600 per coin. Despite altcoins underperforming, Solana stood out as the cryptocurrency added 5% to its value. Thanks to its rally, Ether has hit the $173 mark for the first time since July. SOL is up 14% in the last seven days, outperforming the other major cryptocurrencies.
Despite the volatile market conditions, the total cryptocurrency market cap remains above the $2.3 trillion mark.
