The crypto currency markets continued to show some signs of life on Wednesday morning with Bitcoin increasing by around 5% to top the $6700 mark. This is undoubtedly a reaction to the announcement that an ETF decision on a particular Bitcoin fund is due tomorrow with the market already priced in for any development.
Bitcoin Cash also showed a good increase when it recovered from a slight dip on Tuesday to rise by 5% and reach the $550 mark – a level that had not been seen since last week and demonstrating that a recovery in this currency was well underway. Ethereum lagged behind the other major currencies with regards to growth where it only increased by around 2% to the $286 level after having dropped to a yearly low of $272 earlier on Tuesday. Ripple also maintained its momentum and touched the $0.34 mark on Wednesday as it held its own after a good surge in the past few days.
EOS also recovered well and was trading at well over the $5.00 mark on Wednesday morning at press time or an increase of around 5%. Litecoin also increased by a similar margin to trade at the $58 level whilst Ethereum Classic rebounded from its decline on Tuesday to trade at the $13 level yet again at press time. Cardano remained slightly sluggish and was only up by around 3% to flirt around the $10 level whilst NEO regained the $18.50 level with a surge of around 8%.
Other coins with smaller market caps also showed considerable increases with VET charging ahead by no less than 12% to trade at the $0.015 level. IOTA was also up by around 5% to reach te $0.53 level whilst Stellar regained the $0.22 mark on a 3% increase. ICX and QTUM were also up by around 3% to trade at $0.65 and $4.35 respectively.