Bitcoin’s price recovered above the US$20,000 mark Monday morning in Asia after falling to as low as US$17,708 on Sunday — its lowest point since December 2020 — according to CoinMarketCap.
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- The world’s largest cryptocurrency gained more than 7% in the past day to trade at US$20,504 at publishing time.
- Ethereum had a 14% surge in the past 24 hours after dipping to US$896, and was changing hands at US$1,125 at publishing time.
- The cryptocurrency market has been valued under US$1 trillion for the seventh day, as chills of a “crypto winter” continued setting in.
- Markets remain on edge as troubled hedge fund Three Arrows Capital has reportedly been liquidated by some major exchanges, and investor funds in Bitcoin lender Celsius Network remain frozen.
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