The price of Bitcoin climbed above $30,000 on Thursday as cryptocurrencies are seeking direction but have failed to recover from massive losses in the last two weeks.
Bitcoin, the world’s biggest crypto by market cap, was more than $30,000 at 11.15 a.m. EDT, while it was trading around that level at 4 p.m. EDT up 2.5% for the day.
The price of Ethereum, the world’s largest altcoin, was at $1,995 for a daily increase of 1%.
The crypto market lost almost half of its value during the last six weeks as the total value of the crypto market is down to $1.27 trillion on Thursday, from $2.19 trillion April 4.
