Bitcoin price stablizes following 5% drop

Michael Saylor and Defiance ETF CIO Sylvia Jablonski discuss the crypto space on ‘Making Money with Charles Payne’

Bitcoin was trading lower by 0.3% on Friday morning.

The price was around $33,330 per coin, while rivals Ethereum and Dogecoin were trading around $2,061 and 24 cents per coin, respectively, according to Coindesk.

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The move by Bitcoin is a rebound from the 5% drop late Thursday afternoon when the crytopcurrency traded around $33,226.

Dogecoin’s valuation picked by some ground Thursday after Elon Musk issued aslew of tongue-in-cheek tweets about the cryptocurrency.  

MUSK GIVES DOGECOIN PRICE BOOST WITH LATEST GODFATHER-INSPIRED TWEET

Dogecoin rose to a morning high of $0.257, according to prices tracked by Coin Desk and has settled back to $0.24 Friday morning.

In other Cryptocurrency news, the Blockchain Mining Council (BMC), says the crypto mining industry’s reliance on a sustainable energy…

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