The global cryptocurrency market has recovered $50 billion in a single day, with most coins glowing green on Thursday, as the total market capitalization of digital currencies surpassed $1.3 trillion compared to the lowest point in the last 24h at $1.25 trillion.
Bitcoin (BTC) has recovered from a monthly low this week, hitting above $32,000 on Thursday, July 22nd, after breaking the crucial $29k support level on Tuesday. Bitcoin’s market cap reached $600 billion Thursday and now reflects a market dominance of about 46%, according to the most recent Coinmarketcap statistics.While with a 4.42% rise in the previous 24 hours, Ethereum (ETH) remains the best performing digital currency among the top ten. Today, Ethereum surpassed the $2,000 mark for the first time in the previous seven days. The world’s second-largest cryptocurrency is currently trading at $1,980, with a market worth of more than $230 billion. ETH represents roughly 18% of the market.
