Crypto Markets Experience Slight Uptick After Week Of Lows
Bitcoin and Ethereum have climbed back over $7,000 and $400 respectively, all top ten coins in the green after a week of falling prices.
Bitcoin (BTC) is above $7,000 again, trading for around $7,140 and up over 2 percent over a 24 hour period to press time. BTC saw a 24 hr low today of $6,623, and is currently trading 8 percent higher.
Ethereum (ETH) is also in the green, up almost 3 percent over a 24 hour period and trading at around $406 by press time, up from a 24-hour low of $371.
All of the top ten coins listed on CoinMarketCap are showing positive gains, with Stellar (XLM) showing the most growth, over 13.5 percent on the day, trading at an average of $0.21 at press time. Of the top ten, Neo is showing the least growth on the day, still green, but up only 0.16 percent over a 24-hour period.
However, the week has also seen some wins for crypto adoption – possibly causing the slight market gains today – as South Korean capital Seoul has announced plans to launch its own cryptocurrency and thus create a friendlier environment for crypto and Blockchain innovation.
Poland, a country that made the news last month when it was uncovered that its central bank was secretly funding anti-crypto ads, is also now opening up towards crypto tech adoption, with one of Poland’s largest banks planning to implement a Blockchain storage system.