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.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Yuri Molchan
Godfrey Benjamin
Dan Burgin
Vladislav Sopov