The value of the most popular digital currencies is bouncing back after dramatic falls last week.
Following reports that American President Joe Biden plans to increase taxes on the rich, the crypto market was a sea of red last week as BTC dropped below $50,000.
However after the weekend, BTC reclaimed some of the lost ground and is back up to almost $52,500, down more than 7% on a week ago. At the time of writing (7am), it has climbed almost 6% in 24 hours.
Ethereum (ETH) is valued at $2,469, up almost 13% in 24 hours and almost 9% higher than seven days ago.
Ripple (XRP) is worth $1.16, up more than 10% in 24 hours but still 24% down on this time last week.
Headline-grabbing Dogecoin (DOGE), which last week broke the 40c barrier after an astronomic rise before falling right back to almost 20c, is worth 27 cents – down 4% in 24 hours.
The views expressed in this article are the author's own and do not necessarily reflect the view of Hotpot Crypto. Hotpot Crypto shall not be held liable under any circumstances for any losses, damages or expenses arising from the use of any content mentioned in this article.
The information contained on this website is provided for informational purposes only, with no warranties, or guarantees made as to the accuracy, completeness or timeliness of it. Hotpot Crypto assumes no liability or responsibility for any errors or omissions in the information contained on this site. We strongly encourage you to conduct your own research before taking any action.
This site may contain copyrighted material, the use of which has not always been specifically authorized by the copyright owner. If you wish to use the copyrighted material from this site for the purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. Authors or publishers who claim ownership of copyrighted articles reprinted on this website and wish for the content to be removed may email us directly at email@example.com
If you would like to connect with us about any of the distributed content or other inquiries, please email us at firstname.lastname@example.org with the relevant documentation.