Bitcoin recovered considerably after plunging to its lowest in nearly four months on Wednesday.
In a space of 24 hours that saw almost all cryptocurrencies lose their hold in the crypto market, Bitcoin's value had reduced by more than 26 percent, from a high of $43,602 to $31,926.
The last time BTC fell below this level was on January 28.
However, trading exchanges breathed a sigh of relief Thursday, with Bitcoin reclaiming some of its lost ground. BTC is trading at $40474 at the time of writing this.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.