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ALTCOIN ANALYSIS JANUARY 23, 2018 22:42
Cryptocurrency Markets Make Bullish Pivot After Early-Week Lows
Bitcoin price
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The cryptocurrency markets pivoted back into the green on Tuesday following an early week dip that had forced the bitcoin price below $10,000 and led skeptics to declare that “the end of bitcoin” had arrived.
Analysts had generally attributed the correction to regulatory pressures in major markets, but positive news — such as a report that six Korean banks will begin issuing verified accounts to prospective cryptocurrency traders in tandem with the country’s ban on anonymous trading — may have contributed to this afternoon’s moderate recovery.
bitcoin price
Source: CoinMarketCap
At present, the cryptocurrency market cap is $531 billion, which represents a $45 billion recovery from its daily low.