Big Day For Crypto Market Sees Injection Of Nearly $11 Billion USD Flood Into Bitcoin’s Ecosystem
Big Day For Crypto: Injection Of Around $10 Billion USD In The Market
Today is a very big day for cryptos on the market. After many days of a severe bear market affecting all trades in the crypto market, a market bounce has regained some of the value. Most cryptos went up in double figures today and the market is up with many tokens gaining a lot of value.
While the price of the market was reaching the low $100 billion USD mark lately, it is, at the time of this report, worth $114 billion USD, a bit more than $10 billion USD up in one day.
While the results in the last 24 hours at the time of this report were already great, they were even greater in the 24 hours comprising yesterday and today. Bitcoin, for instance, went up over 10% as it went from $3,269 to around $3,600 USD and it is only a bit behind that now at $3,560.
A lot of people were fearing that Bitcoin would be worth less than $3,000 USD recently, but the support line at the price of $3,200 USD was actually very strong and the token bounced back up again.
Ethereum also went up again and went to $95 USD. However, it is still below $100 USD, which is a very dangerous price to be in. Ripple was up 18% before and 9% now at the time of this report.
Some altcoins are getting huge gains now. Waves Community Token is the greatest winner, being up 61% in the last 24 hours. Distributed Credit Chain is up 43%, StarChain is up 34%, DecentBet is up $34%, Vipstar Coin is up 30%, Bitcoin Atom is up 29% and several other tokens are up at least 20% now, including Waves and Volt.
Other huge tokens like EOS were top performers with a surge of nearly 30% before this report, but now EOS is “only” up 10%. While there does not seem to be a lot of reasons why EOS was up so strongly, the community rejoiced nevertheless.
Stellar also had a pretty good day, together with Cardano, Iota, Neo and Dogecoin. Tron, Monero, Dash and Ethereum Classic also had a good day.
While most of the important altcoins are likely to retain their market value, it is possible that altcoins like the Waves Community Token and Distributed Credit Chain will be dumped soon as people were able to make a real quick profit with them.