Daily Berminal Brief (8/15/18): Crypto Markets Rally Following Downturn

Too Long; Didn't Read

The State of the Market: Cryptocurrency prices finally saw a day of green today, following weeks of a relentless market downturn. The recovery was led by Ethereum (ETH) which saw a 10% increase up to just under $290 on the day. Bitcoin (BTC) also rallied, with a more modest gain of 4.24% up to just over $6,300. In addition, the overall cryptocurrency market capitalization increased by almost $12 billion to recover once again to above $200 billion levels.