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After the drastic collapse of the markets on 14 November, crypto-currencies are now showing a general recovery: according to data collected by Coin360, all major currencies have experienced considerable growth.
Card offered by Coin360
Bitcoin (BTC) grew by 9.3% over yesterday, crossing the $ 4,000 wall again to reach $ 4,050 at the time of writing.
As for weekly and monthly services, Bitcoin remains in red, respectively 16% and 37%.
Bitcoin daily chart. Source: Cointelegraph Bitcoin Price Index
Even Ripple (XRP) achieved similar results: up 8.3% to $ 0.37. With a market capitalization of about $ 15 billion, against 11.9 billion Ethereum, cryptocurrency has definitely settled to second place on CoinMarketCap.
Nevertheless, Ripple's monthly and weekly charts are in red, respectively 21% and 18%.
Weekly chart of the ripple. Source: Cointelegraph Wave Price Index
In third place, we find Ethereum (ETH), which is currently trading about $ 114 through a daily recovery of 9.7%. Recent discounts have almost pushed the price of cryptocurrency dollars to double digits.
Bad weekly performance, down 23%. Even the worst monthly, 44% red.
Weekly map of Ethereum. Source: Cointelegraph Ethereum Price Index
All the other main crypto-currencies on CoinMarketCap are also excellent, with increases sometimes even higher than 10%. Even the troubled Bitchoin Cash (BCH), down 58% from last month due to the controversial November 15 range, posted moderate growth of 4.45%.
At the time of writing this article, the total market capitalization was $ 131.8 billion, an increase of $ 17 billion from the mid-week high of $ 114.6 billion. November.
Weekly chart of total market capitalization. Source: CoinMarketCap
Many experts believe that the recent discounts do not represent at all the death of crypto-currencies. Jeffrey Sprecher, president of the New York Stock Exchange and CEO of the Intercontinental Exchange, recently said that the survival of digital parts was "unequivocal".
Mike Novogratz, a former Goldman Sachs employee and founder of Galaxy Digital, predicts that the cryptocurrency markets will have a reversal and prices next year "they will start moving againi ".
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