Bitcoin and the rest of the crypto market took a shellacking on Thursday, with prices dropping to their lowest levels since before the boom that occurred after Donald Trump’s election. The hit that Bitcoin and the biggest altcoins took was the worst since the crypto crash of 2022.
As of Friday, however, Bitcoin has started to bounce back. As of the publication of this piece, Bitcoin is trading above $68,000.
Bitcoin dropped as low as $60,000 yesterday as institutional investors sold their holdings. But, Bitcoin was able to hold on to that $60k range, which was a key level according to some crypto analysts.
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Ethereum, the second-most-popular cryptocurrency, plunged to $1,700 over the past 24 hours. It currently sits around $1,950 but has yet to make a recovery back into the $2,000 range.
Altcoins like Dogecoin and Solana also fell to lows that had not been experienced in years. Dogecoin fell to $0.08, which it last saw in September 2024. Solana dropped into the $70 range, a price point last seen in January 2024.
The crypto market as a whole has been trending upward as of Friday morning; however, prices have yet to return to their pre-crash levels, and it’s too soon to say if the latest trend will hold through the weekend.
Topics
Bitcoin
Cryptocurrency
