Asian markets cryptocurrencies began to rise this Monday and continue to rise today.
As reported by Bitcoin News on Monday during the Asian trading session Ethereum, the second largest cryptocurrency by market capitalization, increased by 14%. The dominant cryptocurrency Bitcoin has also seen impressive growth of 3%, according to 24-hour data CoinMarketCap.com.
This increase is consistent with the General trend observed in the stock of financial institutions of the country. On Monday Chinese shares rose more than 3%. The CSI 300 index (SHA: 000300), which lists the major shares of China technology, telecommunications, healthcare and Finance, up to 3.2%. Moreover, Hong Kong’s Hang Seng index (NDEXHANGSENG: HSI), which reflects the shares of the largest companies in the country, increased by 1.7%.
The good news was reflected in the cryptocurrency market, which has added to its market capitalization more than $ 5 billion Seems the leading coins confirmed that they had reached the bottom.
It was a memorable week for cryptocurrencies in China. The technology of the blockchain got on the front page of People’s Daily, the newspaper number one in the country that became another important step towards legal adoption of innovative ideas.
What caused this sudden rise in the stock? Many say that the words of the President of the United States Donald trump could be one such factor, as he tweeted on trade relations with China.
Today we had important meetings and made calls on the Chinese trade deal. Much progress has been achieved in very different directions! Our country has fantastic potential for future growth and greatness, to an even higher level!
This, of course, caused a surge of the cryptocurrency market, especially since news agencies have suggested that the talks ended positively. It seems that this is a global trend, as even the European markets have shift up.