The main crypto-coins are showing a sign of lives in the last hours after losing more than $ 400 billion in market value in recent days.
Life sign after crash
Since January 7, when the market value of crypto-coins was $ 835 billion, it plummeted more than 50 percent, a drop of more than $ 400 billion to $ 427 billion.
After reaching its lowest value, a recovery of 10% occurred and now approaches US $ 470 billion.
As you can see, at the last minute the market took a breather despite continuing to fall in the last 24 hours.
The price of bitcoin is currently trading at a global average of $ 10,116, representing a one-hour gain of 6% and a recovery to levels above $ 10,000.
The ethereum price has risen 9 percent, though it remains well below the $ 1,000 barrier and its market value will need a $ 17 billion boost to return to $ 100 billion.
Long term
While skeptics rush to speak that bitcoin has died, the consensus among the older players on the market is that this correction - though serious - is healthy for the market.
Spencer Bogart, a partner in the crypto hedge fund Blockchain Capital, compared the retraction with a forest fire, which is destructive and necessary for sustained ecosystem growth.
He predicted that the market will remove the "weak hands" that have joined the market just to speculate and fetch easy money.
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