After seeing a major decline and dropping to $30.600, the price of Bitcoin seems to be recovering. The cryptocurrency gained $10.000 in a day and currently trades at around $39.900.
Related: China Bans Finance Institutions to Provide Crypto Services
BTC dominance index stands at 43.09% which is up by 2.7% in a day and the market cap is $753.9 billion.Most altcoins have gone down after the market crash. Ethereum is about 38% down from its all-time high of $4360 reached on May 12. Ether's current price is $2700. Its daily low was $1900.
The entire crypto market cap is $1.72 trillion.With the huge price volatility, there are new regulation rules adopted in different countries. Recently, China banned financial institutions and payment operators to deliver services related to crypto. People can continue to hold cryptocurrencies.
There are different approaches to crypto investments. Some say it's a good time to invest while prices are down. Others are more speculative.