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