Main navigation

Cryptocurrency Market Is Experiencing Minor Bear Correction, SEC Snub Didn’t Have Much Impact

Advertisement
Fri, 24/08/2018 - 16:02
Cryptocurrency Market Is Experiencing Minor Bear Correction, SEC Snub Didn’t Have Much Impact
Cover image via U.Today
Read U.TODAY on
Google News

The downtrend caused by the SEC rejection luckily turned out to be short-lasting as the cryptocurrency market is witnessing a slow recovery. At the time of writing this article, the total crypto market cap is sitting at $212.1 bln after almost plunging below the $200 bln mark for the first time since November 2017. 

Theta Token appears to be the biggest gainer of the day with a massive 44 percent surge. 

Advertisement

image
Bitcoin has also managed to rebound after the SEC snub with a 1.5 percent increase over the last 24 hours.

image 
The chances of Bitcoin ETFs being approved by Exchange Commission were initially low, so the crypto industry only experienced a minor blow, currently dealing with a bear market correction. 

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD