The crypto-currency crash earlier this week was short lived: The crypto-currency market is now back in positive territory. After a sharp 25% correction, the market has recovered over $20 billion in just 24 hours.
The crypto-currency market appears to be as bullish as ever. Even the Chinese ICO ban announced on Monday could only make a temporary dip. It is likely that the annoucement from the Hong Kong Securities and Futures Commission (SFC) that ICOs will not be in violation of Hong Kong’s SFC regulations helped with the market’s swift recovery.
All the top 10 crypto currencies have been showing double-digit gains with litecoin, iota and monero leading the charge. And even the largest ICO tokens such as OmiseGo have also recovered quickly.
Posted in Cryptocurrency market news, IOTA news, LiteCoin news, Monero news