A visual representation of digital currencies.
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The crypto market edged higher Monday after a week of hell during which billions of dollars were wiped off the value of bitcoin and ether.
The price of Bitcoin edged upwards towards $38,000 on Monday after plummeting to less than $32,000 on Sunday. Bitcoin was up around 6.5% at $37,635 in the 24 hours leading up to 8 a.m. ET, according to CoinDesk, which put the market cap of the world’s most popular cryptocurrency at around $703 billion.
Ether, the world’s second most popular cryptocurrency, rose from less than $1,800 on Sunday to over $2,300 on Monday. It was trading around $2,362 at 8 a.m. ET – up 10.6% over 24…