BTC logo
BTC
$111,686.11
0.72%
ETH logo
ETH
$4,040.04
1.85%
USDT logo
USDT
$1.0005
0.04%
BNB logo
BNB
$1,186.94
0.16%
XRP logo
XRP
$2.4285
3.02%
SOL logo
SOL
$195.06
4.64%
USDC logo
USDC
$1.0000
0.01%
TRX logo
TRX
$0.3224
1.42%
DOGE logo
DOGE
$0.1988
2.76%
ADA logo
ADA
$0.6757
3.90%
HYPE logo
HYPE
$37.97
2.13%
LINK logo
LINK
$18.18
4.46%
USDE logo
USDE
$0.9999
0.03%
XLM logo
XLM
$0.3268
3.41%
BCH logo
BCH
$524.77
2.28%
SUI logo
SUI
$2.7003
4.60%
AVAX logo
AVAX
$22.05
3.38%
WBT logo
WBT
$42.24
0.60%
LEO logo
LEO
$9.6611
0.04%
HBAR logo
HBAR
$0.1805
4.44%
BTC logo
BTC
$111,686.11
0.72%
ETH logo
ETH
$4,040.04
1.85%
USDT logo
USDT
$1.0005
0.04%
BNB logo
BNB
$1,186.94
0.16%
XRP logo
XRP
$2.4285
3.02%
SOL logo
SOL
$195.06
4.64%
USDC logo
USDC
$1.0000
0.01%
TRX logo
TRX
$0.3224
1.42%
DOGE logo
DOGE
$0.1988
2.76%
ADA logo
ADA
$0.6757
3.90%
HYPE logo
HYPE
$37.97
2.13%
LINK logo
LINK
$18.18
4.46%
USDE logo
USDE
$0.9999
0.03%
XLM logo
XLM
$0.3268
3.41%
BCH logo
BCH
$524.77
2.28%
SUI logo
SUI
$2.7003
4.60%
AVAX logo
AVAX
$22.05
3.38%
WBT logo
WBT
$42.24
0.60%
LEO logo
LEO
$9.6611
0.04%
HBAR logo
HBAR
$0.1805
4.44%
Markets
Share this article

Bitcoin Bounces to $53K After Brutal Sell-Off Reminiscent of Covid Crash

Bitcoin's 30% decline in a week was for some observers reminiscent of the March 2020 crash, but there's been multiple occasions of similar drawdowns during previous bull markets.

By Krisztian Sandor|Edited by Stephen Alpher
Updated Aug 6, 2024, 3:17 p.m. Published Aug 5, 2024, 7:31 p.m.
Bitcoin price on Aug 5 (CoinDesk)
Bitcoin price on Aug 5 (CoinDesk)