$19 billion value increase: full market recovery?
Within the past 24 hours, the cryptocurrency market has risen by over $19 billion. Cryptocurrencies such as Bitcoin (BTC), Monero (XMR), Cardano (ADA), all saw their values increase within a range of seven to 25 percent.
Bitcoin fell 80 percent this year from its all-time high in 2017, causing bankruptcy and cryptocurrency mining closures on a worldwide scale. It’s been a bear market for bitcoin, but the president of CoinList, Andy Bromberg, attributes the market’s sharp rise to the return of hasty sellers. Investors who were quick to sell last week are most likely rethinking their strategies and re-entering the market.
TRON’s TRX saw the most significant rise of 33 percent following the announcement that their recently acquired BitTorrent would be accepting TRX as a method of payment for their products. TRON purchased BitTorrent in July and by doing so gained access to its base of over 100 million users.