The cryptocurrency market bounced back on Friday as major cryptos are moving in tandem with the equities market, with market capitalisation gaining 4.6 percent to reach $1.36 trillion.
As of 1210 hours GMT, the largest cryptocurrency Bitcoin’s (BTC) price breached the $30,000 barrier, reaching $30,459 with a gain of 3.4 percent. With this increase in price, the market capitalisation of the biggest crypto has reached $580 billion. Bitcoin has gained 4.6 percent of its value over the last seven days.
Bitcoin is nursing around 20 percent loss so far in May, the worst monthly slump in a year.—TLTP
