Market Update: Crypto Prices Spike Significantly In a Matter of Minutes

Digital currency markets have seen a strong price spike on Friday, adding billions to the overall market capitalization of the entire cryptoconomy. The surprise upward trend shows a few of the top-performing cryptocurrencies have gained between 10-20% in the last 24 hours.

Also read: FATF Starts Checking How Well Countries Implement Crypto Standards

Cryptocurrency Prices Show Major Improvement

Five days ago, our last market outlook report indicated that cryptocurrency markets faced a crucial turning point and the road turned out to be southbound. The $220 billion dollar market cap slid to a low of $209 billion. On October 23, in less than 15 minutes BTC prices dropped significantly from the $7,900-8,100 range to a low of $7,365 across global exchanges. Of course, many other digital currency markets have been correlated with BTC’s movements and followed the coin’s dive downwards. This Friday there’s a touch more optimism in the air before the weekend as a…