The cryptomarket is steadily but surely getting on its feet as the holiday season draws near. We previously reported about the drastic price loss of Bitcoin and other cryptocurrencies these past few weeks, taking Bitcoin down to a meagre $3,600.
Bitcoin is now trading above $4,200 on major exchange market, as at the time of writing this, making it a 10.18% increase from yesterday’s price. Last year, before the leading cryptocurrency reached a peak price of over $19,000 in December, there was a major dip in late November.
History might be repeating itself as most crypto “investors” are hopefully waiting for a successful comeback of the coin before actually selling theirs. While a lot of people won’t be selling their cryptocurrencies right now, this might as well make the currency a little scarce.
After the BitcoinCashSV saga, the coin is the worst performer today, losing about 4.13% in price going from $117 yesterday to $106 today. Other top 20 cryptocurrencies in terms of market capitalization experienced massive gains today.
Bitcoincash gained 6.45% in price, going from $177 to $195. Bitcoingold on the other hand gained 6.57% in price as well, going from $17.9 to $19.3. While Ethereum, which is second in terms of market capitalization increased in price by 7.96% in price, going from $109 to $118.