At press time, the top cryptocurrency in the world has jumped up by $ 500 and is now trading for just shy of $ 6,600. This is a monster improvement over yesterday, and a serious spike over where bitcoin has been meandering all week.
The past few days have been particularly difficult on bitcoin and cryptocurrencies in general. We have consistently witnessed heavy drops in the market, which has caused the space to often shed more than $ 20 billion plus in a single night. Bitcoin itself has lost over $ 2,000 in just the past few weeks, originally trading in the low $ 8,000 range before slumping to $ 5,900 during yesterday’s early morning hours. The currency later recovered to $ 6,000, though it’s been unclear when – or even if – the currency would fully heal.