After a drop in the crypto markets yesterday that brought Bitcoin’s (BTC) price down below $8,000 for the first time in over a month, the two biggest coins listed on Coin360, BTC and Ethereum (ETH) have seen slight growth today, March 16.
BTC is currently trading around $8,504, up around 2.90 percent over a 24 hour period by press time. ETH is up around one percent by press time, trading for around $617.
Ripple (XRP), which is ranked third on CoinMarketCap, is up by the smallest amount of the top three strongest coins. XRP is trading now for around $0.69, up 0.42 percent over a 24 hour period to press time.
Of the top ten coins listed on CoinMarketCap, none are down more than 2 percent by press time. Altcoin Cardano is down the most for the second day in a row, a little more than 1.5 percent of a 24 hour period, trading around $0.18 by press time.
The crypto markets’ sinking prices since the new year have been attributed to a sell off of around $400 mln in BTC by a Mt. Gox trustee. The slight growth that the market is experiences today may be due to a settling down of the premature FUD caused by Google’s Financial Services Policy update on Wednesday, March 14, that crypto ads would be banned starting in June 2018.
Cointelegraph.com is author of this content, TheBitcoinNews.com is is not responsible for the content of external sites.
Our Social Networks: Facebook Instagram Pinterest Reddit Telegram Twitter Youtube
