Market Recovers After Drop, WaltonChain Surges 30%

In the past 24 hours, the Bitcoin price has recovered from $6,800 to $7,000, as buy pressure in the higher region of $6,000 prevented a further fall to mid-$6,000.

As bitcoin price rebounded and averted a large drop to $6,500, most tokens and small market cap cryptocurrencies recovered, pushing the valuation of the cryptocurrency market to $227 billion.

WaltonChain Spikes 30%

Internet of Things (IoT) blockchain network WaltonChain experienced a major spike in value primarily due to the listing of WTC by Bithumb, the second largest cryptocurrency exchange in South Korea.

The listing of WTC by Bithumb was initiated merely one day after local mainstream media outlets reported that Bithumb has secured an agreement with NH Bank, a major financial institution in South Korea, which will provide virtual bank accounts to the digital asset trading platform.

Previously, NH Bank declined to renew its partnership with Bithumb subsequent to the platform’s $40 million security breach. NH…