Bitcoin has recovered from its recent crash, with the price of the cryptocurrency reaching $2,790 at 2.00am BST this morning before falling slightly to $2,691 as of 11.30am BST.
This is close to the high of $2,855 that was recorded on Sunday.
The bounce in the price of cryptocurrencies, especially Bitcoin, has led the overall market capitalization to cross $95 billion yet again. The mood in the cryptocurrency space has been muted for most of July. However, it began to change due to rising confidence surrounding the solution to Bitcoin’s scaling debate.
Ripple, a cryptocurrency based out of San Francisco, has risen in value by almost 3,000% this year.
Bitcoin has a market cap of $US44.8 billion, while Ethereum is valued at around $US21 billion.
The cryptocurrency ICO market is getting more and more interesting every week. All sorts of ICOs are popping up that utilize blockchain, Ethereum, and cryptocurrency to solve big world problems.