The largest cryptocurrency by market value rebounded from a late Tuesday swoon to recently trade at around $22,950, roughly flat over the past 24 hours. BTC sank below $22,500 the previous day along with most other major cryptos as many investors likely took profits after a four-day upsurge. Bitcoin has risen more than 35% in value this year.
traded sideways with the tech-heavy Nasdaq Composite, S&P 500, which has a hefty technology component, and Dow Jones Industrial Average all down a few smidgens of a percentage point. Investors chewed over the latest cascade of fourth-quarter earnings, including those of Boeing and Microsoft.ETH had yet to recover as much ground as bitcoin from the Tuesday crypto fall. The second-largest crypto in market value was recently changing hands at about $1,580, off roughly 2.1%.
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