Press "Enter" to skip to content

Cryptocurrency Market Rebounds After Poor Week


The cryptocurrency market rebounded over the past 24 hours by around $17 billion, from $365 billion to $382 billion. Major cryptocurrencies including bitcoin, Ether and EOS increased in the 3 to 7 percent range, pushing the cryptocurrency market towards the $400 region.
Ether, the native cryptocurrency of the Ethereum blockchain network, has been the best performing cryptocurrency amongst major digital assets in the likes of bitcoin, EOS, and Cardano. The price of Ether recovered to $713, rising by more than 5 percent.
The daily trading volume of Ether has started to near its previous levels in early January and February, during a period in which the price and volume of Ether achieved an all-time high. The rise in the volume of Ether has demonstrated the increase in the demand for cryptocurrencies from investors in the global market, especially in regions like Japan and South Korea.
Investors in the cryptocurrency market often reallocate their funds in major cryptocurrencies to tokens and small-scale cryptocurrencies if they start to become more confident in the short-term future of the market.
Over the past 24 hours, tokens such as 0x (ZRX), Aelf (ELF), and Polychain (POLY) increased by around 10 to 20 percent, signifying the improvement of market conditions and increase in confidence from investors in the global cryptocurrency market. With the exception of some tokens such as DigixDAO, Binance Coin, and Storm, the majority of tokens outperformed bitcoin over the past 24 hours, gaining by more than 5 percent in value.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *