Bitcoin Rebounds Near $33,000 Level

Bitcoin is showing recovery from a string of losses, which brought the world’s largest cryptocurrency below $30,000 for the first time in five months.

However, the digital currency managed to flip the decline to rise by a little over 1% and reach a level above $33,100.

Now, the cryptocurrency is now up by 0.30% at $32,920.35, according to Coin Market Cap.

Earlier today, Bitcoin plunged by about 6% to levels not seen since January.

Bitcoin remains weighed down by China’s crackdown on cryptocurrencies as a source of financial risk.