Cryptocurrency prices rebounded today, reversing their direction and reversing the price declines seen during the broad correction this week.
According to CoinMarketCap , this rebound has been seen across many different markets, with more than 90 of the top 100 cryptocurrencies seeing price gains over the past 24 hours.
More broadly, the cryptocurrency market posted a notable correction earlier in the week, showing a cumulative decline in market capitalization of more than 20% since its all-time high of $117,2 billion on June 12. This was in contrast to the significant infusions seen over the past few months as... Since the beginning of the year, the total capitalization of the cryptocurrency market has increased by more than 500%.
The dramatic turnaround has prompted some analysts to warn that the cryptocurrency market may have entered bubble territory.
Source: coinspot.io
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