Recovery Gearing Up: Crypto Market Adds $21 Billion
After the last collapse, the cryptocurrency market is recovering for the third day in a row. Bitcoin is trading above $4,300, and the capitalization of coins jumped by $21 billion.
Another sharp drop came onto the market on November, 26. The total capitalization of the cryptocurrency market fell to $118 billion. And BTC bottomed almost at $3,600.
But over the past three days, growth has returned to the market. According to Coinmarketcap, at the time of publication, capitalization jumped by $21 billion and presently stands at $139 billion.
Bitcoin only over the last day has grown by 2.55% and is now trading above $4,300. But the rest of the top coin doing not so well. Ripple, after news that the anonymous user transferred almost $1 billion in XRP to the exchange's wallet, fell by 1.07% to $0.378723.
Ethereum also lost steam and fell by 0.39% during the day. At the time of publication, it was trading at $118.
Stellar managed to get to the 4th place by market capitalization. The XML rate jumped by 7.16% in the last 24 hours. It pushed the cryptocurrency price to $0.171020 and capitalization of the coin to $3.275 billion.
Bitcoin Cash fell by 0.89% to $184. Now BCH only the 5th crypto by market capitalization.