Bitcoin has been rescued from the Chinese ICO ban process after falling as low as $4,008 on Tuesday.
At the time of writing, data from Bitcointicker.co and other providers show that Bitcoin has risen again to almost $4,500 levels. It was recorded that it fell to the lowest level of $ 4220 in a 12-hour period.
Following on Tuesday, prices continuously decreased to $ 4200, then started to rise and continue to increase.
Similar situation in the altcoin market. In question, the top 20 cryptocurrencies have joined the upward trend with Bitcoin.. Ethereum is up 12%, while Bitcoin Cash is up 10% and Ripple is up 8.6%. then it is recovering again today and has increased by about 12%.
Also, while the crypto money market decreased to 134 billion dollars yesterday in volume, it has reached 155 billion dollars with an increase of 23 billion dollars today.. While this is still below the record $170 billion in volume, there is an uptick.
The People’s Bank of China has called for an immediate “stop” of all ICO activities under its jurisdiction. The entire market was affected by this situation.. There was a decline in the market for days.. And most investors were worried about this situation, “panic selling”, that is, they panicked and melted their crypto money.
Now, the market is recovering itself and the rise continues.. We have been witnessing this decline and rise in the crypto money market regularly in the last months.. At the end of the latest decline, Bitcoin broke a record. What will happen this time will be clear in the coming days.
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