The cryptocurrency market resumes its rights after a brutal day yesterday. Most coins have increased by 10 to 20% in the last 24 hours after more than 30% fall on Friday, December 22nd.

Total digital market capitalization increased from $ 650 billion to $ 430 billion yesterday and has now rebounded to $ 585 billion.

<img alt=" Total Market "src =" https://cointelegraph.com/storage/uploads/view/7f56050fd4c28eb5e5932e4b83d66bb5.png "title =" Total Market "/>

Bitcoin is passed from $ 20,000 to only $ 11,970 in just a few days, which allowed him to partially track his losses and sell for about $ 15,500.

<img alt=" Bitcoin Graphics "src =" https : //cointelegraph.com/storage/uploads/view/dbe7ab1905be501afde86c418cefc24b.png "title =" Bitcoin Graphics "/>

Ethereum, the second largest cryptocurrency, lost nearly $ 30 billion in market capitalization yesterday, but has largely recovered. Its market capitalization is now $ 72 billion. It is now trading around $ 720 on European stock exchanges and up to $ 906 in South Korean markets.

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Bitcoin Cash experienced the greatest price volatility of major digital currencies in the last 48 hours, from $ 3,909 to $ 1,970.

<img alt=" Bitcoin Cash Charts "src =" https://cointelegraph.com/storage/uploads/view/f32ae87886403d26b55252b9ba93a139.png "title =" Cash Bitcoin Charts "/>

The Extreme Turbulence The market came a few days after the alleged insider hit in Coinbase, one of the biggest exchanges of cryptocurrency.

Good news and bad news

. After the start of Bitcoin's CBOE futures on December 10, the CME group launched a clean futures product. Trading at CME began on December 17, about the same time as Bitcoin's volatility began to rise.

On December 20, Litecoin's creator, Charlie Lee, sold or donated his Litecoins. questioned his motives, since a week earlier he had predicted a multi-year bear market that would drop the price of Litecoin to $ 20

Ok, sorry to spoil the party, but j & # lt; I need to rule in the excitement a bit … Buying LTC is extremely risky. I expect that we will have a multi-year bear market like the one we just had where LTCs have lost 90% of their value (from $ 48 to $ 4). So, if you can not handle LTC dropping to $ 20, do not buy! 😀 – Charlie Lee [LTC] (@SatoshiLite) December 11, 2017

<img alt=" Litecoin Charts "src =" https://cointelegraph.com/storage/uploads/view/a72f8c12ee7aa7ea8dccfc38e9001b00.png " title = "Litecoin Charts" />

Joining major institutions like CBOE and CME in their Bitcoin program, Goldman Sachs announced its intention to create a cryptocurrency trading desk on December 21. What prompted the latest decline in the overall market is still unknown: Charlie Shrem, a founding member of the Bitcoin Foundation, believes that the market has already experienced similar price movements and that there is no reason to panic

"There is nothing new under the sun" – The same thing happens every year (https://t.co/qaNwMLJH3k) pic. twitter.com/sJQqGLb2wp – Charlie Shrem (@CharlieShrem) December 22, 2017

Many in the sub-pr ogram / r / BitcoinMarkets subreddit simply attributed the fall to The rapid rise of Bitcoin went from $ 9,000 to $ 20,000 in just three breaks without ever stopping to get support.