The bitcoin price led the charge, increasing by more than 5% in 24 hours to $2534. This price rally was a welcome change from yesterday, when bitcoin fell well below $2400. The bitcoin price still has some climbing to do if it wants to get back to $3,000, but today has put it on the right track.
Plagued with a congested network and false rumors about a co-founder’s death, the market downturn absolutely pummeled Ethereum, dropping it more than 40% from its mid-June high of $391. As recently as yesterday, the ethereum price was only $231, and the Flippening was getting further and further out of sight.
But just as the downturn hit ethereum the hardest, today’s cryptocurrency price rally has disproportionately helped the ethereum price recover. Ethereum rose by more than $72 to $303, constituting a 28% single-day rebound
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