Cryptocurrency Prices See Some Slight Recovery. The price of bitcoin and many of other cryptocurrencies have started to see some slight recovery.
Right now daily statistics for BTC/USD markets are up 5.5 percent and BTC prices are hovering just below the $7,400 region. Currently, the entire crypto-economy is trading $13.1Bn USD in 24-hour volume, and most coins saw some gains over the past day.
However, BTC trade volume is still flat as traders are swapping roughly $5.1Bn in trades over the past 24-hours. The top five exchanges facilitating these trades include Bitfinex, Okex, Binance, Huobi, and Upbit. These trading platforms are exchanging over $150Mn or more in global trade volume over the last day.
Other than Bitcoin, the cryptocurrency market, in general, is seeing some gains and many digital assets are nursing wounds. The second highest market capitalization held by ethereum (ETH) is up 3.8 percent as one ETH is hovering around $404. Ripple (XRP) is also in the green as markets are up 8.3 percent today and XRP is trading at $0.53 cents. The fourth highest market valuation held by bitcoin cash (BCH) markets is up over 5.6 percent as one BCH is testing $705 per coin. Lastly, litecoin (LTC) prices are seeing gains around 5 percent as well with market averages around $125 per LTC.
And just so you know, cryptocurrency traders across the boards are still skeptical even after seeing the latest rebound in price. BTC/USD market prices have been following a consistent pattern of lower highs and deeper lows.
Do you think bitcoin and other cryptos will continue to see rise henceforth? Or should we still expect moments of ups and downs again? Share your thoughts with us in the comments section below.