Share this article
BTC
$83,115.21
-
0.49%ETH
$1,797.91
-
0.83%USDT
$0.9998
+
0.01%XRP
$2.1093
-
1.37%BNB
$591.43
-
0.70%SOL
$119.23
-
1.55%USDC
$1.0001
+
0.01%DOGE
$0.1658
-
2.16%ADA
$0.6403
-
2.54%TRX
$0.2368
-
0.53%LEO
$9.1523
+
2.49%LINK
$12.67
-
1.65%TON
$3.2485
-
1.98%XLM
$0.2497
-
3.00%SHIB
$0.0₄1216
-
1.68%AVAX
$17.26
-
5.21%SUI
$2.1621
-
3.45%HBAR
$0.1584
-
2.43%LTC
$81.72
-
2.68%OM
$6.2363
-
0.57%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menuResearch
Bitcoin Price Rebounds to Near $2,640 Following Yesterday's Losses
The price of bitcoin has rebounded after a notable fall yesterday that saw the digital currency lose over $400.
The price of bitcoin has rebounded after a notable fall yesterday that saw the digital currency lose over $400 to a low of around $2,352.
STORY CONTINUES BELOW
Today's resurgence sees the price back up at $2,626 at the time of reporting, having hit a high of almost $2,640 at 8:57 UTC, CoinDesk Bitcoin Price Index data shows.
Most major cryptocurrencies have been on an upwards trajectory in recent months, with bitcoin hitting new all-time highs in quick succession. On 25th May, bitcoin reached a record value of almost $2,790 prior to the drop yesterday, when some other cryptocurrencies also saw notable losses.
Notably, the total market cap of all cryptocurrencies reached an all-time high just over a week ago, with some experts polled by CoinDesk raising fears of a bubble that could ultimately see sharp corrections. Others though pointed to a growing awareness of cryptocurrencies among traditional investors for the ongoing rises.
High jump image via Shutterstock
Daniel Palmer
Previously one of CoinDesk's longest-tenured contributors, and now one of our news editors, Daniel has authored over 750 stories for the site. When not writing or editing, he likes to make ceramics. Daniel holds small amounts of BTC and ETH (<a href="https://qa.coindesk.com/editorial-policy/">See: Editorial Policy</a>).
