The slight recovery in the crypto market was first noticed in the late hours of yesterday, 15th September. On that same day, a huge decline in price was seen in the early hours of the day but towards the late hours, a slight improvement was seen in the top 17-20 cryptocurrencies glowing in the green.
After dropping below the $6,500 price point early yesterday, BTC still stood its ground by adding another 1.6% gain in the next 24 hrs, making it to trade at $6,533 then. However, currently the mother of all coin is down again by 0.44% for the past 2 hrs and is currently trading at $6,478.
Ethereum however receives the largest gain at the time of writing. Currently trading at $214, that is a 0.47% gain in 24 hrs and a 5.3% gain on the week, after having dropped to as low as $169 on September 12.
The total market cap still revolving around the $200 billion mark, and has refused to go below that mark. Currently sitting at exactly $200.6 Billion.
The upcoming Tezos (XTZ) mainnet launch scheduled to take place on Monday, September 17 has already had helped to surge the price the price of its native token to as high as 23.6% gains in the past 24hrs, trading currently at $1.58.
Litecoin (LTC), Monero (XMR) and Dogecoin (DOGE) also saw significant gains within this period. Each of them seeing a 5%, 5.1% and 1.98% respectively, trading at $55, $114 and $0.006.
The most recent wave of green came after CEO of Galaxy Digital Capital Management Mike Novogratz called a price bottom on the crypto markets.