Digital assets market bounced back early Wednesday after a series of slumps the previous day that amounted up to 65 percent of losses, mainly because of regulatory news coming from around the world.
But no financial market can stay for too long either in red or black numbers. Over the last couple of days, cryptocurrencies value is trending upward, injecting confidence and ease among all the players of the digital market.
Market capitalization started the day at $353,286,000,000.00 USD and peaked at $400,920,000,000.00, a recovery of $35,330,900,00.00 compared to the day before. Wednesday's session closed at $381,351,000,000.00 USD.
The cryptoeconomy extended its recovery on Thursday, with a $402,087,000,000.00 capitalization in the early hours.
This graph shows the current market conditions are trending upward.
The main digital assets also reached their highest value on Thursday morning, starting with Bitcoin (BTC) at $8,533.36 USD. Other cryptocurrencies in the Coin Market Cap Top-10 that also managed gains were Ethereum (ETH), reaching $845.09; Bitcoin Cash (BCC) was at $1,252.17; Neo (NEO) got up to $116.40; and Litecoin (LTC) was operating at $151.01. The recovery of the market oscillated between 10 and 14 percent.
Meanwhile, our ATM Coin recovered 6.39 percent of its value and got up to $7.31 USD apiece at the time of this publication.
Once again, the digital market has shown that the challenge of facing the traditional economy only strengthens it, and it's here for the long run. It also proves that people is willing to join the ecosystem of this new global economy.
By Omar Cortés