Cryptocurrency Market Cap recovered by 6.8% today after experiencing its lowest this year.
All the top coins registered bullish gains, with Ethereum and Monero Leading at 17% each. Dash, Cardano, IOTA, Tron, and Litecoin also recorded double-digit gains. Bitcoin raised by 3%, lower as compared to other top coins.
This correction rally has added close to $13 Billion after experiencing its lowest of $186 billion this year.
There hasn’t been much information or indication towards this correction- at least till now. This could only mean that upside is the result of day traders attempt at intraday profits.
ETH/USD gained close to 23% from its intraday low of $167 and still continues to gain. This gain, however, shouldn’t be mixed with the return of bull period. The Pair has dipped more than 80% already due to multiple scammy and non-performing ICOs.
Statistically, Monero has been trending well above it’s descending trendline and is looking comfortably bullish. The XMR/USD pair has experienced gain of more than 52% since last 30 days from its low near 76 Fiat.