Despite several more pieces of bullish news dropping this week, the cryptocurrency market has experienced a multi-day sell-off that drove Bitcoin’s price down more than 14% to below $7,000. However, as investors prepare for a pivotal week ahead, the market has leveled off, Bitcoin now sits at $7,065, and select altcoins have posted double-digit percent gains over the last 24 hours.
The AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens, is currently up 1.51% to 95.17. The biggest winners within the index include Syscoin (+17.5%), Komodo (+13%), aelf (+9.76%) and Hshare (+8.9%).
Other cryptocurrency categories have also started to recover over the last 24 hours. The AltDex Exchange Token Index (ALTEXC), a benchmark index for the industry’s leading exchange tokens, has risen 2.1% while the AltDex Privacy Coin Index (ALTPRV), which tracks tokens focused on privacy or security, is up around 3%. The new AltDex Masternode Index (ALTMSN), which tracks leading masternode cryptocurrencies, has also increased by nearly 2.9%.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.