Cryptocurrency Market Cap at Monthly Highs

Cryptocurrency markets suffered a minor drop after the SEC’s decision on Bitcoin. But the market, which did not continue to decline, entered the recovery phase. Cryptocurrency trading volume has reached the highest levels of the average of the last 3 months.

The market volume, which is currently circulating around 300 billion dollars, has entered the recovery phase after the decline in the last few days. Looking at the 24-hour volume, it is seen that there is a transaction of 31.5 billion dollars, which is the highest level in recent months.

Is the Rapid Recovery Bull Season Herald?

After the negative news of the SEC, it is in the markets. Although there was an environment of panic, Bitcoin regressed to $ 7750 and rose to $ 8200 again a few days later. The rapid recovery of the deteriorating market is one of the most important signals of the bull season, according to many analysts. Because Bitcoin has never been able to recover so quickly in any of its declines in recent months.

When we look at the general situation of the market, Bitcoin and most altcoins appear in green.

First While most of the altcoins in the 20 have left 1 to 3 percent daily profit, Binance Coin (BNB) showed the most serious increase with 7 percent daily.