Bitcoin Price at $7,000: Market Recovers After Minor Drop, WaltonChain Surges 30%

 As bitcoin price rebounded and averted a large drop to $6,500, most tokens and small market cap cryptocurrencies recovered, pushing the valuation of the cryptocurrency market to $227 billion.

WaltonChain Spikes 30%
Internet of Things (IoT) blockchain network WaltonChain experienced a major spike in value primarily due to the listing of WTC by Bithumb, the second largest cryptocurrency exchange in South Korea.

The listing of WTC by Bithumb was initiated merely one day after local mainstream media outlets reported that Bithumb has secured an agreement with NH Bank, a major financial institution in South Korea, which will provide virtual bank accounts to the digital asset trading platform.

Previously, NH Bank declined to renew its partnership with Bithumb subsequent to the platform’s $40 million security breach. NH Bank formally requested Bithumb to demonstrate evidence of infrastructure overhaul and security system update, which it completed by suspending deposits and withdrawals for a month.

WaltonChain is the first token integration by Bithumb since its recovery from the security breach and system overhaul.

Overnight, the value of WaltonChain against the US dollar increased from $4.15 to $5.55, by more than 30 percent.