$2 Billion Added to Crypto in a Day, As Market Makes Recovery

$2 Billion Added to Crypto in a Day, As Market Makes Recovery

This week, the cryptocurrency market saw a near-record high in value and an overall recovery from last month’s lows. While many are still wary of volatility, others will be looking for opportunities to invest in the industry.

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The “coinmarketcap” is a website that tracks the current price of all cryptocurrencies. The site was created by Sergey Nikitin, and has since been maintained by a team of developers. On November 29th, 2018, the market cap for cryptocurrencies reached $2 billion in less than 24 hours.

$2 Billion Added to Crypto in a Day, As Market Makes Recovery

As the market rebounds, a staggering $2 billion has been added to cryptocurrency in only one day.

Bitcoin’s Comeback

The cryptocurrency market has begun to rebound after one of the worst weeks in months. BTC fell below $43,000 on December 4th, after reaching a high of $58,000. A loss of almost $16,000 per Bitcoin. As a consequence, the total market capitalization of crypto assets has dropped to $2.20 trillion. The overall market value now exceeds $2.40 trillion, owing to a quick comeback during the last several days. $2 billion has been added to the total, up 7% over the day.

BTC, which is now trading slightly around $51,000, has gained 5% in the previous 24 hours. Despite this, the Premier cryptocurrency has lost 12% in the last week.

$2 Billion Added to Crypto in a Day, As Market Makes Recovery

Almost all of the main cryptos are now in the green, following a similar path.

Updates on AltCoins

Polkadot, Solana, Cardano, Terra Luna, and Ethereum are among the top ten gainers.

DOT is presently trading at $28, up 9% for the day, after dropping to $24 from a high of $39 earlier in the day. The coin is still down 21% on the weekly chart.

ADA is now trading at $1.42, after an 8% recovery over the day. The stock is still down 12% for the week.

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SOL, which is now trading at $198, has gained 8% in the previous 24 hours. Despite this, the currency has lost 7% in the last week.

The world’s second biggest cryptocurrency, ETH, is presently trading at a high of $4,300, up 7% on the day. Although it is still down 5% in the previous seven days.

As we approach the end of the year, most experts are predicting a last rise to the peak of the current bull market. It’s worth noting that, despite the fact that many people expected BTC would reach $100k before the end of the year, this seems to be exceedingly improbable.

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In the first day of 2019, cryptocurrency market added $2 billion. The market has made a recovery after several months of falling prices. Reference: new cryptocurrency 2021.

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