A few days ago, various cryptocurrency market prices crashed down by almost 20-25% in various digital currency exchanges. A lot of market investors are selling off their investments since many analysts believe that it was the start of a series of market crashes. Also, many believed that the cryptocurrency bubble burst already started and market values may further decrease by another 20-50% more in the coming days and weeks.
However, recent market data shows that most of the cryptocurrencies are already recovering from the sudden decrease in market price. Double digit percentage gains were noted in the past few days in various digital currency exchanges.
Below are some of the market trends in the past few days:
BITCOIN
From breaking the $5,000 price range, Bitcoin's market price had dropped to the $4,284 price. However, Bitcoin is now recovering from the sudden loss and now heavily trading at around $4,646 in various digital currency exchanges.
ETHEREUM
From reaching an all-time high price of $393, Ethereum's market price had dropped below the $300 mark or almost 24%. However, Ethereum is now recovering from the sudden loss and now heavily trading at around $332 in various digital currency exchanges.
LITECOIN
From reaching an all-time high price of $93, Litecoin's market price had dropped to $66 a piece or 29%. However, Litecon is now recovering from the sudden loss and now heavily trading at around $81 in various digital currency exchanges.
This sudden recovery is a good news for all cryptocurrency investors out there and let's hope that this trend may continue in the coming days and months.