The digital currency markets have seen some growth over the past 24 hours, with all 10 top-rated currencies listed on the Coin Market cap showing signs of rising as the total market value approaches $ 390 billion.
The price of BTC has risen by 3% within 24 hours until the time of publication, currently trading at $ 8479,29.
Ethereum (ETH) also exceeded $ 700, currently trading at $ 709, with an increase of approximately 3% in the past 24 hours.
Total market capitalization is around $ 385, recovering slowly after falling to $ 361 on May 18.
A new currency also recorded its entry into the top 10 altcoins by market cap value,TRON has seen some of the biggest gains over the last 24 hours, up 11% and trading at $ 0.081 by the time of publication.
BCH is trading at $ 1251. With a 9 percent increase in 24 hours to date, the currency saw the biggest weekly loss for the top 10 competitors - around 12.5%.
The digital currency markets generally saw a 10% drop at the Consensus conference this week, rather than a push that some analysts, like Tom Lee, expected. Following this decline, Lee commented that the area of
digital currencies lacked "elements of progress" in the form of institutional tools, bank support, and organizational clarity.
Earlier this week, the Ethereum consultant, William Mougayar , claimed that regulators lack a basic understanding of digital currencies, especially as the US Securities and Exchange Commission lacks an understanding of the basic nature of the industry and tries to apply one approach to suit everyone.
On May 18, Cointelegraph reported that India's Supreme Court had ruled that no Supreme Court in India could file any complaints against the recent RBI ban on banks' servicing of digital currency accounts.