Dear Steemit Friends,
After China's early September ban the initial coin offerings (ICOS), news on September 15 that bitcoin exchanges were shrinking following task given by the government officials marked a market drop that made prices down to a amount of $2,981.
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Since then, markets have recovered, and yesterday saw bitcoin reach a price of $4,061 recently according to CoinDesk's Bitcoin Price Index.
Other cryptocurrencies are experienced the bouncing back of the market today as well. The cryptocurrency market capitalization is currently at the amount of $137 billion, based from CoinMarketCap data, up from the low amount of $100 billion for the past days.
Among the top 10 cryptocurrencies by market cap, several have noticed the rising up of the value for past 24 hours, either 19%, bitcoin cash 14.3% and IOTA 26.2% reporting very important rise up.
Credit to the website:
www.coindesk.com
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