Cryptocurrency market makes a reversal: the price of bitcoin up over 8 thousand dollars, and the top hundred demonstrates the growth of cryptocurrencies

After Tuesday, the 6th of February, the price of bitcoin has reached a record high of 6,094 dollar on Wednesday she began recovery and has exceeded level in $ 8,000. The top 100 altcoins are also showing growth.

According to CoinMarketCap, the price of bitcoin over the last 24 hours has increased by 24 percent. At the time of publication of this article, the average price of a cryptocurrency is the number one 8,280 USD.

Altcoins are also showing steady growth. Among the top 10 coins and NEM NEO grew respectively by 55 and 46 percent, while Bitcoin Cash (BCH) and Ethereum (ETH) increased by 33 percent.

The total market capitalization of all cryptocurrencies is 388 billion, and a growth of almost 100 billion from low 276,8 billion recorded on Tuesday.

In addition to technical factors of positive influence on the market had a hearing about cryptocurrencies and the blockchain technology, which took place yesterday, February 6 in the United States. Hearings were conducted by the Commission on securities and exchange Commission (SEC) and the Commission on trade commodity futures U.S. (CFTC). During the hearing, the Chairman of the CFTC George. Christopher Giancarlo expressed optimism about bitcoin and the technology that underlies it (the technology of distributed registries – DLT):

If not bitcoin, DLT was not.

The correspondent Cointelegraph Joseph young this morning noted that the number of Twitter followers at the head of the Commission on trade commodity futures U.S. (CFTC) has increased seven-fold, after this statement:

CFTC Chairman Chris Giancarlo”s Twitter following increased by 7x since yesterday’s hearing cryptocurrency.Welcome to crypto Twitter @giancarloCFTC. pic.twitter.com/IsJynCyxf0— Joseph Young (@iamjosephyoung) February 7, 2018

Yesterday, February 6, the founder of Litecoin Charlie Lee tweeted about the overall volatility of the cryptocurrency market, but also noted that “those who can endure such a fall without wincing, eventually, buy a Lamborghini, and the rest is the ones who will pay for these Lamborghini:

Now you see how volatile this market is. I wasn’t predicting that LTC will get to $20. I was saying that I’ve seen MANY 90% from ATH drops in BTC and LTC. Those that can withstand such a drop without flinching are the ones with lambos eventually. The others pay for these lambos. https://t.co/ozcR11N68o— Charlie Lee [LTC] (@SatoshiLite) February 6, 2018