Share this article
Bitcoin Price Rebounds to Near $2,640 Following Yesterday's Losses
The price of bitcoin has rebounded after a notable fall yesterday that saw the digital currency lose over $400.
Updated Sep 14, 2021, 1:57 p.m. Published May 26, 2017, 9:29 a.m.
The price of bitcoin has rebounded after a notable fall yesterday that saw the digital currency lose over $400 to a low of around $2,352.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Today's resurgence sees the price back up at $2,626 at the time of reporting, having hit a high of almost $2,640 at 8:57 UTC, CoinDesk Bitcoin Price Index data shows.
Most major cryptocurrencies have been on an upwards trajectory in recent months, with bitcoin hitting new all-time highs in quick succession. On 25th May, bitcoin reached a record value of almost $2,790 prior to the drop yesterday, when some other cryptocurrencies also saw notable losses.
Notably, the total market cap of all cryptocurrencies reached an all-time high just over a week ago, with some experts polled by CoinDesk raising fears of a bubble that could ultimately see sharp corrections. Others though pointed to a growing awareness of cryptocurrencies among traditional investors for the ongoing rises.
High jump image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Traders mull the bottom as bitcoin returns to week's lows below $86,000
One analyst isn't quite ready to call a bottom, but says bitcoin is surely in an oversold condition.
What to know:
- Bitcoin's early rally Wednesday seems a faint memory as the price has returned to the week's lows.
- Precious metals continue to get bid, with silver rushing to yet another new record and gold closing in on an all-time high.
- One analyst cautioned against reading too much into the current bitcoin price action due to year-end positioning and tax considerations.
Top Stories
