The cryptocurrency market has risen by 4.5% in the past 24 hours, with its total cap reaching $1.012 trillion. This rally ends a largely negative seven days for the market, which fell as low as $939 billion last Thursday, meaning that the present level represents a 7.5% recovery in prices.
For the most part, bitcoin has been responsible for today's uplift, with the original cryptocurrency rising by 7.5% at one point in relation to its 24-hour low. On top of this, a number of major altcoins – most notably Terra Luna Classic (LUNC), Terra (LUNA), and Uniswap (UNI) – have posted above-average gains, helping to push the market's overall cap higher.
At a time when stock markets continue to fall amid the negative macroeconomic outlook, the jump in cryptocurrency prices may superficially seem like a mystery. However, given that many coins have likely fallen as far as they reasonably can (without some kind of cataclysmic market or economic event), it's arguable that the best coins now have...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...