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Good news!
Finally, after 2 weeks of long eveluation, the cryptocurrency market exceeded 450 billion dollars in value for the first time since 4th of Feb. While the market has been regaining stability, it is not yet strong to initiate rebounds.
Stable Recovery
On the 10th of february when did market valuation of all cryptocurrencies in the market combined achieved 458 billion dollars the price of Bitcoin climaxed at $9,074 and Ethereum sprang up to $911. Meanwhile, the market has endeavored to keep up the momentum bitcoin fell with more than $500 to $8,461 and Ethereum fell from $911 to $840°
Earlier today, the value of ether, the homelyng cryptocurrency of the Ethereum network, fell to $820 to a 2-day low.
In general, the price trend of ether attained $900 and as the price of bitcoin fell to $8,500 Ether also to $850.
In total, the whole market has been on a particular trend of basic crypto currencies including bitcoin and ether especially because in trends of outermost volatility, cryptocurrencies with huge market caps tend to function as reserve currency of the market.
In initial editings, the crypto currency market regained stability quickly because there was still hope amongst early and casual investors that the market would recover in no distant time.
South Korea in particular, which continued to visualise optimism throughout 2017, was hit with a bear market in recent weeks due to unfavourable press. This week, an individual took his own life due to his losses in the crypto market.
Regulatory Recognition
"Inclining regulatory recognition of crypto exchanges, the genesis of institutional capital and basic technology improvements will contribute to the market's recovery and push crypto prices to all recent heights this year. "
