Markets Update: Cryptocurrency Prices Rebound But Uncertainty Still Lingers

 After the past few weeks of bearish market sentiment within the cryptocurrency economy, a wide variety of digital assets are starting to gain higher values. BTC/USD markets have hit a 24-hour high of $13,050 on January 20, after slowing creeping upwards from the low $10K range. Overall nearly every token market is up today anywhere between 2-50 percent higher than yesterday. 

The Market Storm Has Subsided, But What Lies Ahead Is Whole Lot of Uncertainty

 Cryptocurrency markets have seemingly reversed the downward trend in value and have started to gain steam again. At the moment bitcoin core markets are hovering around $12,650-12,950 for the three hours. Volume is decent for a Saturday, as BTC markets are seeing roughly $11.6Bn in global trade volume while bitcoin core, ethereum, and tether are hold the highest trade volumes today. The top exchanges swapping the most BTC this weekend include Upbit, Bitfinex, Okex, Bithumb, and Binance. The South Korean exchange Upbit has been trading some notable volumes over the past few weeks and has become one of the largest exchanges worldwide.Over the past few weeks, the U.S. dollar has been the top nation state issued currency traded with BTC. However this week Japan has taken the lead once again, as the yen now captures 36 percent of the global trade volume. This is followed by the USD (32%), tether (USDT 12.8%), the Korean won (7.5%), and the euro (4.9%). The most popular traded cryptocurrency paired with BTC on Shapeshift is still ethereum. The overall market capitalization of all 1,469 digital assets is $635Bn, and bitcoin core markets dominate by 34 percent at the time of writing.