The cryptocurrency world is slowly bouncing back after a miserable Monday.
Bitcoin, the world’s largest digital currency traded over $43,000 on Wednesday, which came as a relief to crypto traders. On Monday, bitcoin briefly slumped below $40,000 for the first time since September 2021.
Also, Seba Bank CEO Guido Buehler reportedly predicted that the digital coin could spike to as high as $75,000 this year. It’s worth mentioning that, bitcoin surged to an all-time high of over $68,000 last November.
Etheruem also gained over 8% in the last 24 hours, with the price hovering above $3,300. The second-largest digital currency dipped below $3,000 for the first time since late September 2021.
Ethereum spiked to an all-time high of over $4800 last November.
Dogecoin reached an all-time high in May of 2021, trading above 70 cents.