Wed. Sep 28th, 2022

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.

See related article: Bitcoin, Ether recover as Fed guidance reduces policy uncertainty

Fast facts

  • 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.

See related article: Has ‘Crypto Winter’ arrived with Bitcoin, Ether prices falling?

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