Investing.com– Bitcoin price rose on Wednesday, extending a rebound from over five-month lows as bargain buyers stepped in and as sentiment improved slightly.
This trend was also reflected in broader crypto prices, continuing its gains from the prior session as the factors behind Monday’s rout- concerns over a U.S. recession, Japanese interest rate hikes and tensions in the Middle East- continued to weigh on sentiment.
rose 4.3% to $57,190.9 by 09:13 ET (13:13 GMT). The token had slumped as low as $49,000 on Monday before rebounding from those levels.
Bitcoin continues its rebound after Monday rout
Gains in the world’s biggest cryptocurrency continued after it rebounded nearly 4% on Tuesday.
The token still traded below levels seen before Monday’s rout, as crypto markets also struggled with the prospect of a mass sale by the U.S. government, as well as waning interest in the crypto…
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