Cryptheory – Just Crypto

Cryptocurrencies are our life! Get an Overview of Market News

The Road to Recovery for the Crypto Market

1 min read

The Road to Recovery for the Crypto Market

After a crypto market crash brought upon by the widespread misconception that China is banning cryptocurrencies entirely, things are finally looking up for the digital currencies.

Top cryptocurrencies like BTC, ETH, Binance Coin, Cardano, XRP and Dogecoin are starting to show signs of recovery, having increased by 17.06%, 16.96%, 20.09%, 29.74%, 7.49% and 20.44% respectively.

The Road to Recovery for the Crypto Market

(Screenshot from

While the announcement of China’s supposed ban on cryptocurrencies was the primary reason why the crash happened, Tesla CEO Elon Musk’s announcement of Tesla’s refusal to accept BTC payments has also attributed to the decline of BTC and ETH last week.

Although the crash has proven to be quite a problem. it is not the most damaging setback in the long run as cryptocurrencies like Binance Coin and Dogecoin still gained 976.16% and 7182.40% in value respectively since day one of 2021.

The post The Road to Recovery for the Crypto Market appeared first on SuperCryptoNews.


All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

Leave a Reply