The cryptocurrency has recovered in tandem with global stock markets. Japan's flagship Nikkei index 225 jumped sharply higher earlier today after recording its biggest price drop since the last 90s on Monday.
After plunging to as low as $49,557, Bitcoin has now surged by more than 13%, paring a substantial portion of its losses. Worst Day in 2024: Bitcoin Obliterated With -$10,000 Move, Ethereum In Freefall, Shiba Inu Disaster: Add Zero?According to the widely used Fear & Greed Index, the leading cryptocurrency has now plunged back into extreme fear territory following its massive price plunge. On Monday, the index logged just 17 points out of 100. This is its lowest reading since November 2022.
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