The cryptocurrency market bounced back strongly on Tuesday, with market capitalisation gaining 8.3 percent to reach $1.74 trillion.
The reports that Russia will not ban cryptocurrencies gave a positive trigger to the market. As of 1420 hours GMT, the largest cryptocurrency Bitcoin’s price gained 9.65 percent to reach $36,707. With this increase in price, the market capitalisation of the biggest crypto has reached $695 billion.
Ether, the world’s second-largest cryptocurrency by market capitalisation, jumped by 11.44 percent to reach $2,444. With this massive increase in price, the market capitalisation of ETH has reached $287.7 billion.—TLTP
