The crypto market under the dominance of Bitcoin is taking the momentum of the past few days and is maintaining its current path of success. With a total volume of just under $ 210 billion, the market capitalization also underscores the supposed recovery. The crypto market is receiving tailwind from the traditional markets, where optimism is also gradually spreading again among investors.
Price recovery could be going down
The price recovery could only be the brief blossoming of an overarching downward movement and thus the hallmark of a bear market rally.In any case, the Bitcoin price is almost unchanged in a daily comparison. With a fluctuation range between $ 7,200 and $ 7,400 in the last 24 hours, the leading crypto currency has now leveled off at just under $ 7,298. The Altcoins also try to defend the profits of the past few days, but slide slightly into the red. The ether course (ETH) had to drop a bit and has fallen 0.7 percent compared to the previous day. Ether is currently trading at $ 170.18, which means that the cryptocurrency is still up a proud 25 percentage points compared to the previous week. The ripple coin XRP is also pressing the brakes and was unable to hold the price at $ 0.20.