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Cryptocurrency markets return to green after a substantial liquidation

The cryptocurrency markets are bouncing today, February 3, after the lowest of several months in the world. yesterday in the course of Bitcoin. Most of the first 50 pieces are in green, with gains of 24 hours out of 20 percent.

Partly because of the pressure of misleading reporting on regulation in India, the global cryptocurrency market took an inordinate scale as of Thursday, February 1, losing more than $ 100 billion in 24 hours.

However, after the selloff, the market rebounded today, with Bitcoin rising above the $ 9,000 level. At the time of going to press, Bitcoin was trading on average at $ 9,095, up 3.54% on the day.

<img alt=" BTC "src =" https://cointelegraph.com/storage/uploads/view/c4394b49106cefecf5f4d54b5c15301a. png "title =" BTC "/>

As a result of Bitcoin's advance, other pieces have also recovered strongly: with the exception of three pieces, each top 50 cryptocurrency had gains, with Litecoin (LTC) and Cardano (ADA).), and Verge (XVG) leading the pack with gains of between 15 and 20%.

A quick coup eye on the snapshot of the coin360 market indicates a net positive turnaround after the week's important negatives

<img alt=" pic "src =" https://cointelegraph.com/storage/uploads/view /e1c3b04b63ea1dc29cee4e9a42030489.png "title =" pic "/>

Despite the lows of the market this week, figures such as The Founder of Litecoin, Charlie Lee, and the CNBC Cryptotrader Facilitator, Ran Neuner, have recently made bullish statements on Bitcoin. In an interview with Cointelegraph, Lee, in particular, offered a balanced perspective on volatility in crypto-markets, often missing from a crowded market of scary newcomers

. Today 's Rally

Bitcoin reached a record 20,000 by the end of December, before crashing, along with the rest of the market, a few days later. late, December 22, when Bitcoin and altcoins lost 20-30 percent.

Since then, the main cryptocurrency has not yet fully recovered, fluctuating between $ 10 and $ 15,000 per coin, to its lowest monthly level of less than $ 8,000. dollars yesterday

. the sale on the market, in part because of the increase in South Korea's regulatory news – and misleading reporting about it – that left many investors apprehensive.

Comments (1)

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