Cryptocurrencies have recovered slightly in the last 24 hours after a sharp drop caused by trade delays and El Salvador’s acceptance of Bitcoin resulted in massive losses.
On Thursday, Bitcoin price recovery has shown some positive signs. The cryptocurrency was priced at $46,304.40, up 0.19 percent from 11:30 a.m. the previous day. The market capitalization of Bitcoin has risen to $871 billion, but trading volumes have stayed steady at $1.49 billion.
Following the severe collapse, Ether gained momentum as well. At $3,505.73, it was trading 2.35 percent higher than it was a day ago. Ether’s market capitalization has surpassed $410 billion, with $1.67 billion in trading turnover in the last 24 hours.
After yesterday’s wild collapse, most cryptocurrencies followed in the footsteps of Bitcoin and Ether and staged a good comeback. Bitcoin price recovery could pique retail investment which has slowed down over the period.
“The last 24 hours were pretty tranquil for the crypto market,” Edul Patel, CEO and Co-founder of Mudrex, a worldwide algorithm-based crypto trading platform, said of today’s virtual currency market movement. Bitcoin’s price remained stable at $46,000, but Ether struggled to stay over $3500.”
“It’s worth noting that the overall crypto market cap increased by 1.2 percent, while BTC’s dominance decreased by 0.83 percent. Even if the two crypto giants suffered, it indicated that altcoins are gradually turning bullish,” he noted.
Here are the latest prices and trends of popular cryptocurrencies:
|Cryptocurrency||Price (US Dollar)||24-hour change||Market cap (Billion)||Volume (24 Hours)|