Cryptocurrency markets stabilized on Saturday after a violent sell-off saw billions of dollars wiped off the value of many digital coins.
Still many of the cryptocurrencies were well off their all-time highs.
Bitcoin hit $8,997.91 on Saturday morning New York time, according to CoinDesk data. CoinDesk’s bitcoin price index tracks prices from digital currency exchanges Bitstamp, Coinbase, itBit and Bitfinex.
Meanwhile ethereum hit a high in the day of $945.21 and ripple traded as high as $0.89.
Bitcoin was up around 7 percent in 24 hours, while ethereum and ripple were significantly higher.