The cryptocurrency market cap added $50 billion on Wednesday, rebounding from a correction that caused it to dip as low as $415 billion last week. The rally lifted the bitcoin price above $11,000, while Ripple, Cardano, Stellar, and NEO all posted double-digit percentage advances.
bitcoin price
Source: CoinMarketCap
At present, the cryptocurrency market cap is valued at $551 billion, which represents a single-day increase of 10 percent and a $136 billion recovery from last week’s low point.
Bitcoin Price Floats Past $11,000
The Bitcoin price posted a strong performance on Wednesday, rising nine percent to a present value of $11,360 on Bitfinex. This extended the rally that began on Tuesday afternoon, immediately after the flagship cryptocurrency made a brief foray into sub-$10,000 territory.
At present, Bitcoin has a market cap of $192.4 billion, meaning that it needs less than a four percent bump to once again cross the $200 billion threshold.
Source: www.CCN.com
I still feel like they will come down some and we will have to wait until late February after lunar year. Anything can happen in this market but lets hope for the best.
