The past few days have been rather interesting for cryptocurrency, even though a lot of people would not necessarily agree. Virtually every currency lost value this week, although it appears markets are slowly recovering as we speak. In fact, numerous coins and tokens are noting double-digit gains once again, which is good to see.
It seems the recent bearish trend has been averted once again and all markets are showing signs of life. That is only to be expected, even though Bitcoin hasn’t lost or gained all that much compared to a few days ago. In fact, Bitcoin is up by just 3.65% over the past 24 hours, which is a somewhat surprisingly low number.
After taking a severe beating over the past few days, Ether’s value increased by 15.83% again, and the market cap gap compared to Bitcoin is back at around $15b. It will take some time to recover fully in this regard, but for now, things are looking quite good.
Then again, not every currency or token is worth investing in either. Right now, only eight of them are reporting losses, albeit that is not entirely surprising where some of these currencies are concerned. Neither Bitcoin Plus nor BitcoinDark have anything competitive to offer. Primecoin never amounted to much either, nor did Worldcoin.
Seeing so many currencies in the green is very spectacular, although not entirely surprising now that Bitcoin is going up in value once again. That being said, it will take a few days for all markets to stabilize and find their groove again.
This is especially true for all cryptocurrencies in the top 15 right now. Some smaller coins might buck the trend, but that is mainly due to traders creating a pump-and-dump effect.