Volatile Cryptocurrency: Bitcoin Recovers, Quoted Above US$ 20,085

Globally the crypto markets recovers only marginally in the past week, on positive global cues. The US dollar index cooled down a bit, the US bond yields are also down. Investors are concerned about the upcoming possible recession in the US, which is leading to chaos in the international markets. The crypto markets are also showing a similar trend. Today, Bitcoin was quoted US$ 20,085.20, at 6:14 pm UTC.

At the same time, Bitcoin fell by 0.37% intra day trading. Yesterday, Bitcoin closed at US$ 20,170.20. However, Bitcoin, in the last 5 days gained by 3.94%. In the past 1 month, it has gained by 6.71%. Additionally, in the last 6 months, Bitcoin plunged by 53.49%. Other cryptocurrencies have also fallen today, following the same trend.

Ethereum was quoted at US$ 1,363.25, up by 0.73%. Yesterday, Ethereum closed at US$ 1,327.92. Litecoin was quoted at US$ 54.12, down by 0.95%, Dogecoin was quoted at US$ 0.0643 down by 0.84%, and Cardano was quoted at US$ 0.4298 down 0.36% today, till last traded.

"Bitcoin (BTC) was once again hovering above $20,000 on Thursday, as markets were boosted by better than expected private payrolls figures. Ahead of tomorrow's non-farm payrolls report, ADP private sector payrolls came in at 208,000, higher than the 200,000 markets had expected. Following the report, BTC/USD rose to a high of $20,408.39, staying close to a three-week high of $20,545 in the process," commenting on the Bitcoin markets, a Bitcoin.com report mentioned today.

Meanwhile, the US stock markets are also under pressure today. S&P 500 was down by 0.74%, stood at 3,755.41 points, and Nasdaq Composite was down by 0.42%, stood at 11,102.23, at the time of writing. However, the US Dollar index quoted at 112.12 today, gaining by 0.95%.