Jan 14, 2024
By: Nisha Kumari
Image credit: Reuters
Image credit: The Motley Fool
Bitcoin is experiencing a 5.68% drop in the 24-hour trading session on Friday, following its ascent towards $50,000 on Thursday.
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BTC traded at ~$45,500 on Wednesday. In 2023, it experienced a remarkable 157% rebound. As of now, Bitcoin has seen an 8.5% increase in value this year.
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On Friday, Ethereum was trading around $2,680, following its Thursday surge above $2,600, marking the first occurrence since May 2022.
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The second-largest cryptocurrency saw a substantial 92% increase in 2023, and it has already risen by over 16% in 2024.
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Ethereum is undergoing a 1.21% decrease in the 24-hour trading period on Saturday, following its rise to $2,680 on Friday.
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Cryptocurrencies, despite initial expectations, haven't hedged inflation but mirrored broader market trends
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