The crypto market is recovering with Bitcoin back above the $16,500 level
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Answer The crypto market is recovering with Bitcoin back above the $16,500 level
The global cryptocurrency market managed to post recovery for the second day in a row after the massive dump that occurred in the past few days.
The total cryptocurrency market capitalization has increased by almost 2% since last day.
The total market capitalization of the crypto market is $835.6 billion at the time of writing this article.
Total trading volume over the past 24 hours decreased by 4.7% to $60.99 billion.
Bitcoin price has jumped about 2% since last day.
Bitcoin is trading at an average price of $16,600 at the time of writing this article.
Read:Five cryptocurrency exchanges closed in China after government warning
Ethereum price increased by 4%:
The price of Ethereum has jumped around 5% in the past 24 hours.
Ethereum is trading with an average price above $1,200 at the time of writing this article.
At a time when the price of Bitcoin rose by about 2% since last day, as the total market value of Bitcoin rose above the level of $ 318 billion.
Bitcoin’s rise above $16,500 contributed to some positivity towards altcoins.
Read:JPMorgan announces hiring for Ethereum and blockchain developers…what does that mean?
The prominent currency, which has shone during the past hours, is the litecoin, which rose by 31% in the last 7 days.
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