Bitcoin (BTC) Price Recovers Above $51,000, MATIC Leads Major Decline. Nvidia’s Profits Restart AI Token Rally

Bitcoin (BTC) fell as low as $50,700 late Wednesday, while Ether (ETH) clawed back some of its losses after falling just below $2,890. Polygon’s MATIC led losses among the cryptocurrency majors, down 7%, while Cardano’s ADA and XRP were down as much as 5%. Meanwhile, the CoinDesk 20 Index (CD20), a benchmark for the largest and most liquid cryptocurrencies, fell 1.2%.