Bitcoin's value appears to be recovering after a horrifying few weeks for those who are invested in it. All cryptocurrencies have been gradually sliding since January, after a huge run towards the end of last year. After almost reaching $20,000 in December, the price is no way below half that and looked to be on an unending slide.
Now the price of Bitcoin appears to be picking up a little, at least for the moment. The last three days have seen a stronger performance after the market apparently bottomed out. The price is up 5.63 percent since yesterday. That's in addition to gains of as much as 25 percent in some cryptocurrencies this week.
Not all of the losses have been made back. The price is still down 4.4 percent since last week and almost 43 percent since last month. But the last few days mark the first time in weeks that the price hasn't been in a consistent landslide, and during which the price appears to be gaining. Some had initially suggested that the "bitcoin mania" that was especially prevalent at the end of 2017 had now ended, and that cryptocurrencies could be in a continual slide.
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