After a decline of almost 25% from the record high, which was observed earlier this week, the crypto-currency market again entered the green zone.
Having started the trading session on Wednesday, the value of all the publicly traded crypto-currencies was again on the rise, rising 17% from the low of $ 134 billion observed on Tuesday. During the press release, this figure recovered to $ 157 billion, which is more than $ 20 billion in just 24 hours.
Showing the scale of the rally, all 10 major crypto-currency showed double-digit growth at the time of publication, with the largest increase observed in laitcoin, iota and monero.
Such market movements are noteworthy in that they come the day after the announcement by China’s financial regulators that the original offer of coins (ICO) or the sale of new crypto currency to finance the project for the development of block-shops were found to be illegal.
Nevertheless, a short-term decline indicates that the market remains optimistic.
The most significant is that a similar growth was observed in the crypto asset market, as a result of which the total amount of investments recovered to $ 8.5 billion, which is almost 20% above the minimum of $ 7 billion the figure that was the day before, according to CoinMarketCap.
Indeed, some of the largest ICO tokens already seem to be recovering investment dollars, while OmiseGo is recovering above $ 1 billion after a $ 718 million drop on news.
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