Crypto markets rebound, Bitcoin, Ethereum, and Dogecoin rally for Thanksgiving
According to CoinGecko, the price of Bitcoin has recovered a little ground since yesterday, when it reached a two-year low.
> The biggest cryptocurrency in the world fought its way back beyond $16,000 and was trading at $16,498.99 on Wednesday, 4.9% higher than the previous day.
> Tuesday saw a perfect storm of high-profile bankruptcies, regulatory pressure, and short selling causing Bitcoin to drop to its lowest position since November 2020.
> By Wednesday, though, most significant coins were trading in the green, and the market was on the rise.
> The value of all cryptocurrencies was $862 billion, up 5.9% from the previous day.
> Over the last day, Ethereum increased by 7% to reach $1,163.91.
> Dogecoin, meanwhile, increased by over 10% to $0.08176.