Investing.com - Bitcoin struggled to recover on Wednesday after three straight days of declines that were fueled by a barrage of critiques from the investment world.
Bitcoin rose 1.35% in the last 24 hours to reach $9,273.80 on the Bitfinex exchange by 10:21AM ET (14:21GMT). The largest crypto by market capitalization has lost 5.9% so far this week after an attack at the $10,000 level last Saturday petered out at $9,990.
On Wednesday, Bitcoin was attempting to recover from an intraday low below the $9,000 level of $8,980.10, its lowest level since May 2.
The downward move this week coincided with a string of critiques from billionaire investor Warren Buffett, computer magnate Bill Gates and Wall Street analyst Nick Colas.
Buffet and Gates agreed that the digital coin was a foolish investment, while Colas warned of declining interest in the cryptocurrency.
Rival cryptocurrencies were seeing mixed trading on Wednesday.
By descending market cap, Ethereum gained 1.2% to $746.13 in the last 24 hours, Ripple traded down 1.1% to $0.79618, while Bitcoin Cash, product of the Bitcoin fork and the fourth largest cryptocurrency by market capitalization, lost 1.3% to $1,559.61.