Cryptocurrencies
Cryptocurrencies Claw Back Losses as Ether ETF Investors Buy Dip
- Ether ETFs in US drew a net inflow of $49 million on Monday
- The token had lost a fifth of its value amid a wider selloff
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Bitcoin and Ether clawed back from steep losses on Tuesday after a bout of risk aversion in global markets spilled over into crypto.
Bitcoin inched back to top $56,000 while second-ranked token Ether rose as much as 4.9% to more than $2,500. The moves represent a partial recovery from a frantic selloff on Monday that saw Bitcoin sink below $50,000 for the first time since February. Ether suffered at one point its steepest fall since 2021.