At last, after a week-long correction, the cryptocurrency market surpassed $450 billion in valuation, for the first time since February 4. While the market has been steadily recovering, it still isn’t ready to initiate strong rallies.
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On February 10, when the market valuation of all cryptocurrencies in the market combined achieved $458 billion, the price of bitcoin peaked at $9,074 and the price of Ethereum hit $911. However, since then, the market has struggled to maintain momentum, as bitcoin fell by more than $500 to $8,461 and Ethereum fell to $840.
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AUTHOR
Joseph Young
