Crypto markets rebound on Tuesday amid global equity market recovery

Crypto News: After posting one of the steepest falls in 2024 on Monday, the crypto markets are witnessing a strong recovery on Tuesday. The oldest cryptocurrency, Bitcoin, which registered a fall of over 12 per cent yesterday, has jumped over 9 per cent in the last 24 hours.

At around 02:10 PM, Bitcoin, which commands a market cap of $1,102.50 billion, was trading at $55,861.43, as per the data available on Binance.com. The currency has traded in the range of $49,578.89 – $56,271.37 in the last 24 hours. Bitcoin, however, has lost around 16.26 per cent over the last 7 days.