Cryptocurrencies
Bitcoin Holds Above $20,000 After Week of Forced Crypto Selling
- Bitcoin realized losses hit $7.3 billion last week: Glassnode
- Some investors ‘chasing liquidations,’ CEO of ALEX says
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Cryptocurrencies showed tentative signs of recovering from last week’s rout as Bitcoin held above $20,000.
Bitcoin rose as much as 1.6% on Tuesday in Asia and was trading at $20,665 as of 8:42 a.m. in Tokyo. The MVIS Cryptocompare Digital Assets 100 index climbed 1.5%. So-called altcoins like Solana and Polkadot were among gainers.