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Fortune

Marco Quiroz-Gutierrez

Bitcoin bounces back after dipping below $25,000 on concern over FTX dumping crypto assets

FTX Crypto Bitcoin

(Credit: Illustration by Fortune)

Bitcoin is now rising after dropping below $25,000 on Monday, with many investors gearing up for the FTX estate to sell billions of dollars in crypto assets back into the market.

The most popular cryptocurrency, after falling to $24,900, rebounded and was up nearly 1.6%, to about $26,100, on Tuesday morning. The second-most popular cryptocurrency, Ethereum, was up less than 1% to about $1,600.

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