The past week was not kind to top-ranking cryptocurrencies, as both Bitcoin and Ethereum suffered strong corrections. However, the situation might be finally turning for the better, although nothing is certain as of yet
Bitcoin price bounces back up after approaching $43,000
Bitcoin saw a choppy end to the last week of February, with price falling from $58k to $45k in just a day and a half — which was a massive drop of 22% of its value.
Following the crash, the coin’s price saw a recovery as the last week of February started and the coin returned to an average price of $50,000 per unit.
Over the course of the week, however, BTC saw another drop, this time on Thursday. Right after the coin’s price surged to $52,162, according to CEX.IO, the price crashed to $47,789, This drop was not as great as the previous one, but still had a significant impact on the market.
The price saw a bit of a correction to $47,798 on Friday, only to drop to $47k once again over the weekend, albeit a bit more gradually. At the time of writing, the price is once again growing, potentially recovering from the late February drops.
Ethereum price slips back to $1,300
While large Bitcoin corrections are unfortunate, people have mostly gotten used to them as they do happen
