The most popular cryptocurrency, bitcoin (BTC) rallied on Thursday sharply, almost recovering all losses suffered on Black Thursday in March.
At pixel time (14:55 UTC), BTC trades at c. USD 7,573 and is up 5% in an hour and 6% in a day. The price increased 8% in a week and 12% in a month.
BTC price chart:
Other major coins are also up around 3%-4%, except tezos (XTZ), which rallied 9% in a day and 25% in a week. Also, XTZ is the only top 10 coin that is in green against BTC today.
Meanwhile, US stocks also rose today as investors weighed the latest economic and earnings data to determine the coronavirus’s damage to global growth.
(To be updated)