Bitcoin prices returned above $60,000 this morning after a sharp fall yesterday.
Bitcoin’s ascent also boosted the top 40 most valuable cryptocurrencies, according to CoinMarketCap’s price index.
The crypto market recovery means the price of Ethereum (ether) is back above $4,000, while Cardano (ada) has returned above the $2 mark. Meanwhile, Dogecoin rose $0.30 and closing in on the all-time high market cap of Shiba Inu.
The president of El Salvador announced on Twitter yesterday that he is stocking up on the cryptocurrency.
President Nayib Bukele said that the Central American country has added another 420 bitcoins to its stash, which he claims is already making profit as the price begins to rise.