Bitcoin recovers even as ‘hype leaves market’

‘If we compare today to the April highs, we can say with absolute certainty that the hype has left the market,’ said one analyst.

Cryptocurrencies were recovering slowly but steadily from an earlier sell-off but are once again down on Wednesday, with bitcoin’s price quite a distance from its all-time high of $63,000 (£45,552) in April.

Bitcoin (BTC-USD) fell 0.7%, trading at $34,891 on Wednesday morning.

“If we compare today to the April highs, we can say with absolute certainty that the…


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