For the first time this month, the total market capitalization of cryptomarket recovered to $ 500 billion, as Bitcoin and Eterium managed to recover much of their cost. Within the last 24 hours, Bitcoin has risen by nearly 7%. The volume of trading is concentrated in the South Korean exchanges, with Bitfinex being the biggest asset in terms of volume.
Compared to major markets, the South Korean cryptomarket has significantly less supply of most crypto. Reinstatement of crypto is a signal for increased demand for crypto by local investors, which is an optimistic indicator of short-term recovery, especially in the Asian market.
The daily volume of trading with Bitcoin in all major crypto-exchanges is larger in the last 24 hours than every day of the past week. This shows enough momentum to bring about enough momentum to raise the cost of Bitcoin over the next few days. According to some analysts, if Bitcoin price is $ 11,500, BItcoin will have enough inertia to reach $ 13,000.
Eterium
Eterium and the other large crypto followed the Bitcoin trend in the last week. The current price of Eterium is $ 966, with the coin price rising by 3.27% in the last 24 hours. The crypto-exchange with the largest volume of Ethereum is OKEx. Many projects and ICO tokens have increased their price as a result of some Swiss news. This week, Switzerland's financial regulator has proposed ICO guidelines that include regulations for ICO projects with transparency. Considering that most companies offering ICO tokens are based in Switzerland, the government's plan will in the future create a better ecosystem for block projects.
image source - Instagram