Bitcoin and other cryptocurrencies recover from the great low of yesterday
However, their prices are still lower than last Wednesday.
When it is 11:20 a.m. in New York, Bitcoin has a price of USD $ 6,359.93, 3.95% more than yesterday at the same time. The volume of operations is USD 4.4 billion, that is, lower than yesterday. The exchanges with more movement are still BitMEX and BitForex , although CoinMarketCap does not count its volume when calculating the general amount of transactions.
Another one that shows signs of revitalization is Ethereum, which increased 8.43% compared to yesterday. However, it remains low, still 22.21% below what was its price last Wednesday.
Ripple also rose 8.82%, but like Ethereum , its price remains lower than last week: 16.72% less value.
Other increases to be highlighted are Bitcoin Cash, which rose 5.35%, Stellar 3.42%, Litecoin 5.69%, Cardano 2.66%, Monero 8.68% and IOTA 12.03%. Although all of them have gone up, yesterday's fall was so strong (in some cases close to 20% or higher) that they still do not recover at all.
According to some analysts, the current rise is only a readjustment of the market because yesterday low prices were attractive for many buyers. There are no external causes in the news, at least among what we could investigate.
Source: CoinMarketCap and MercadosDiarioBitcoin
what you think? Will the price go up or down?