Bitcoin Recovers After Weekend Crash

Bitcoin Recovers After Weekend Crash

Bitcoin has managed to get back up near the $8000 mark after nearly dropping below $7000.

In what was a sketchy week for the leading value cryptocurrency, but Bitcoin will likely finish the weekend back nearing their year-long high that they achieved last week. This has followed on from a troubling 24 hours whereby its value seemed to go into free fall.

Many would have gone the bed on Thursday night content with Bitcoin sitting at just shy of $8000 after a couple of weeks growth. However, this same people would have woken up the next day with a shock, as it had decreased by nearly $1000 overnight.

It eventually bottomed out on Friday evening at just over $7000 but has gradually regrown over the course of Saturday and today, basically recovering to where it finished Thursday at, currently sitting with a 7.77% increase over the last 24 hours. All other cryptocurrencies also saw red over the same period, but are now all back in the green.

This occurred due to a large number of people dumping their bitcoins to turn a profit, but naturally, many others have seized the opportunity to buy at a lower price which has then reflated the market.  

This would have been a shock to the system for many speculators who had believed that it would continue to grow, but its recovery will likewise feel them with the hope of its bottoming out prospects already being achieved.

Register for Latest Updates & News

We respect your email privacy

Subscribe now to recieve exclusive updates and offers!

Recently Similar News

Latest Guides

Latest News

Bitcoin

Haru Invest – the Ideal Platform to Get in Touch with Crypto

Bitcoin has managed to get back up near the $8000 mark after nearly dropping below $7000. In what was a sketchy week for the leading value cryptocurrency, but Bitcoin will likely finish the weekend back nearing their year-long high that they achieved last week. This has followed on from a troubling 24 hours whereby its […]

22 March, 2022
Bitcoin

XBE Community Launches a $500k Bug Bounty

Bitcoin has managed to get back up near the $8000 mark after nearly dropping below $7000. In what was a sketchy week for the leading value cryptocurrency, but Bitcoin will likely finish the weekend back nearing their year-long high that they achieved last week. This has followed on from a troubling 24 hours whereby its […]

28 December, 2021
Bitcoin

11 Biggest Sponsorships Deals for the Crypto Market in 2022

Bitcoin has managed to get back up near the $8000 mark after nearly dropping below $7000. In what was a sketchy week for the leading value cryptocurrency, but Bitcoin will likely finish the weekend back nearing their year-long high that they achieved last week. This has followed on from a troubling 24 hours whereby its […]

1 December, 2021
Bitcoin

ChangeNOW Unveils a New Cashback Feature

Bitcoin has managed to get back up near the $8000 mark after nearly dropping below $7000. In what was a sketchy week for the leading value cryptocurrency, but Bitcoin will likely finish the weekend back nearing their year-long high that they achieved last week. This has followed on from a troubling 24 hours whereby its […]

15 November, 2021
Bitcoin

Celsius Casino is Raising the Temperatures with a Voluminous Game Lobby

Bitcoin has managed to get back up near the $8000 mark after nearly dropping below $7000. In what was a sketchy week for the leading value cryptocurrency, but Bitcoin will likely finish the weekend back nearing their year-long high that they achieved last week. This has followed on from a troubling 24 hours whereby its […]

9 November, 2021
Bitcoin

ChangeNOW Has Announced the Release of its Own Digital Wallet

Bitcoin has managed to get back up near the $8000 mark after nearly dropping below $7000. In what was a sketchy week for the leading value cryptocurrency, but Bitcoin will likely finish the weekend back nearing their year-long high that they achieved last week. This has followed on from a troubling 24 hours whereby its […]

29 October, 2021
Bitcoin

BitPanda Enhances Its BEST Rewards Programme

Bitcoin has managed to get back up near the $8000 mark after nearly dropping below $7000. In what was a sketchy week for the leading value cryptocurrency, but Bitcoin will likely finish the weekend back nearing their year-long high that they achieved last week. This has followed on from a troubling 24 hours whereby its […]

25 October, 2021
Bitcoin

ChangeNOW’s AML Action Lead To The Return Of $15M COMP

Bitcoin has managed to get back up near the $8000 mark after nearly dropping below $7000. In what was a sketchy week for the leading value cryptocurrency, but Bitcoin will likely finish the weekend back nearing their year-long high that they achieved last week. This has followed on from a troubling 24 hours whereby its […]

6 October, 2021