Major digital currencies recovered slightly on Thursday, after the a two-day selloff in cryptocurrencies sparked by fears over a regulatory crackdown, CNBC reported.
Bitcoin (Bitcoin) has now bounced back to $11,861.30 today after falling as low as $9,199.59 on Wednesday.
Ethereum (ETH/USD) on the other hand dived below the $800 mark to a three-week low of $780.92 Wednesday, but has lifted to $1,058,24. It was still down 1 percent in the last 24 hours.
Ripple's XRP surged nearly 50 percent to $1.54 a coin, according to data from CoinMarketCap. The digital currency fell as low as 90 cents the previous day.
BitConnect, which dropped from a January 7 high of $431.79 down to $5.78 on Wednesday after the BitConnect system announced the closure of lending platform and cryptocurrency exchange, jumped as high as $77.48 on Thursday.
The sell-off appeared to be sparked by worries over tighter regulation in the key markets of South Korea and China.