Crypto Bulls Fighting Back? Market Sees Green After Sell-Off

The cryptocurrency market is flashing green Wednesday following a major downturn, with the total capitalization rising more than $11 billion on a 24-hour basis. The signs of a turnaround emerge in the wake of a rough patch for the market, during which it hit its lowest point for 2018, as CoinDesk previously reported. At press time, bitcoin, the world’s biggest cryptocurrency by market capitalization, is trading hands at an average of $6,349 – a considerable improvement from yesterday, when the price hit a low of $5,921.65, according to the CoinDesk Bitcoin Price Index (BPI). Bitcoin hit a high of $6,612.73 during Wednesday’s session, BPI data shows. A turnaround for the world’s second largest cryptocurrency by market capitalization, ether (ETH) is perhaps most notable given the severity of its recent market free fall. The price of ETH fell from $407 on August 7th to a low of $257 yesterday – a more than 36

Like this article? Take a second to support us on Patreon!