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Cryptocurrency market continues to recover

18 July 2017 21:00, UTC

According to CoinDesk.com, Tuesday results show that cryptocurrency market continues to recover. The overall capitalization of the market exceeded $80 billion after the weekend when low asset prices were observed.

In total, the market reached $84.9 billion, up nearly 40% from a low of $61 billion last weekend.

According to Coinmarcetcap data, based on Tuesday results, all of the top 30 cryptocurrencies demonstrated 24-hour growth. Bitcoin, Ethereum and Ripple which were falling in price bounced back with more than 30%. After dropping to below $2,000 this weekend, the price of bitcoin is now above $2,300, while Ethereum reached $200 for the first time since July 14.

The cryptocurrency market reached its record value in mid-June with its overall capitalization of $115 billion; as of July 18, 2017, this market was slightly down just over 25%.