Cryptocurrencies Rebound by Limiting Losses

Cryptocurrencies managed to reduce their losses on Tuesday, after sharp declines earlier in the session.

Bitcoin, the world’s largest crypto and digital currency in terms of market capitalization, is currently down by about 10.8% at $46,642, after plunging earlier today below $43,000.

Bitcoin recently stagnated and couldn’t strongly break above the $50,000 level.

Meanwhile, the second-largest cryptocurrency, Ethereum (Ether), is down by 14.63% near $3,380, after hitting a daily low of $3,036.

XRP and Dogecoin are both down by 21% and 19%.