The cryptocurrency market has recovered from the 2018 low. Tezos, Zcash, Cardano, Litecoin, and Stellar are all starting to recover.
The cryptocurrency market is undergoing a small relief because of a minor bounce this Monday, November 26, 2018. Cryptocurrency market is enjoying this while still reeling from a mass selloff they’ve experienced during the weekend. The total market cap fell to a new low this year and went under $115 billion on November 25, 2018, Sunday. Fortunately, the cryptocurrency markets have somehow bounced off and recovered during the past few hours.
The Highs And Lows Of The Cryptocurrency Market
The largest crypto asset in the world, Bitcoin, has lost more or less than 44% since the middle of November. It has hit a new low this year yesterday at 11am UTC, which was $3,600. After that, the cryptocurrency asset has clawed back and rose over $4,050. However, people may see that the largest cryptocurrency would have a new support level at around $3,000.
Ethereum, however, suffered an even larger loss. It fell close to $100. Gladly, it has recovered 10% and got back to $115. The market cap of the second largest cryptocurrency has dropped to $12 billion. XRP took its second spot as it has accelerated away.
Plenty of altcoins have also recovered after they’ve suffered their worst day of the year yesterday. During the trading session in Asia, Cardano, Litecoin, Stellar all have pulled from the lowest levels for more than a year. XLM is currently trying to protect its fifth spot from EOS.
EOS even surpassed Bitcoin Cash and took the fourth spot. The cryptocurrency is trading as of the moment at $3.37, which is more 85% off the asset’s all-time high.
Top twenty of the cryptocurrency market is also seeing recovery after experiencing extreme pain. Tezos and Zcash are also clawing back, so as the altcoins Neo, Iota, and Binance coin.
Total market cap has recovered almost $15 billion, which translates to 7.5% flowing back into the cryptocurrency market.
Are you glad that the cryptocurrency market is starting to recover? We’d like to hear your thoughts in the comments below.
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