Crypto markets are recovering and Bitcoin is one of the most fortunate cryptocurrencies that rose again for nearly a percent. Bitcoin managed to hold the gains they made and it even peaked at $6.778 but it did, however, drop as low as $6.587 later.
Ethereum, on the other hand, surged up to $282 but then started dropping again and traded at $271. Overall, the total market cap of all of the coins increased in a 24 hour period. The total market cap of all cryptocurrencies is now $218 billion which is high from yesterday’s value of $216 billion. Bitcoin is doing well and it keeps increasing. It is dominating the market and experts say that the market now consists of 54 percent bitcoin only.
IOTA is one of the cryptocurrencies that is among the top ten cryptocurrencies by market cap that grew by more than 1 percent in just a day. It did gain as much as 12 percent actually. One of the biggest winners is actually Tezos. Tezos grew by more than 95% in a week and is trading at $2.64. Many analysts believe that cryptocurrencies could finish the year with a boom and an explosive high and also claim that bitcoin actually has a great chance in hitting the $25.000 by the end of this year.
The climate is changing for both bitcoin and the market overall, especially if all the rumors about regulation came true. That will be a kick for cryptocurrencies as well. Follow our crypto newsletter and keep track on the constant daily changes on the crypto market.
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