Tuesday, February 7, 2023
HometechnologyBitcoin hovers around $40,000 after a wild week of trading

Bitcoin hovers around $40,000 after a wild week of trading

  • The price of bitcoin briefly climbed back above $40,000 on Wednesday morning, a week after its price tumbled 30% to around $30,000.
  • Bitcoin was last trading about 2.3% higher at $38,469.84 by 4:05 p.m. ET.
  • Ethereum's price jumped about 7.2% higher to $2,735.71, while dogecoin's price was 1.8% higher at 34 cents a coin.

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Omar Marques | LightRocket | Getty Images

The price of bitcoin briefly climbed back above $40,000 on Wednesday morning, a week after its price tumbled 30% to around $30,000.

The world's most popular cryptocurrency traded 6.9% higher at $40,196.06 at 9:00 a.m. ET on Wednesday, according to Coin Metrics data. Bitcoin was last trading about 2.3% higher at $38,469.84 by 4:05 p.m. ET.

Other major digital coins were also in the green Wednesday. Ethereum's price jumped about 7.2% higher to $2,735.71, while dogecoin's price was 1.8% higher at 34 cents a coin.

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