Market value of crypto money surpasses $ 500 billion

For the first time in February the total market value of the crypto money market has reached $ 500 billion. Bitcoin and other subcoins started to rise as the market revived.

In the 24 hours we left behind, Bitcoin climbed from $ 10,030 to $ 10,850 with an increase of 9%, and with this rise, it started trading at a premium rate of 2-3% especially in the South Korean market

Market value of crypto money has risen

Compared to major markets like Japan and the US, the supply amount of most crypto money is lower in the South Korean crypto money market. Therefore, premium ratios tend to reappear with the rise of Bitcoin or other crypto money. The re-emergence of premiums points to a rise in demand for cryptographic parallels by local investors, especially as a sign of short-term recovery in the Asian market

Bitcoin's daily trading volume in all major crypto money markets has been greater than last week's total over the past 24 hours. Several analysts said Bitcoin would accelerate to $ 13,000 if the price could go up to 11,500 dollars.

Earlier this week some of the mainstream media outlets in South Korea had said that many families did the money they spent on children and young people with Bitcoin, not cash, because of the new lunar year. However, this did not contribute to the price of Bitcoin climbing upwards lately. But thanks to these positive news, the demand for Bitcoin in the South Korean market is increasing

Ethereum and the remaining major cryptographic currencies followed the price trend of Bitcoin last week. Only a few crypto currencies like NEO performed better than Bitcoin in the last 24 hours. Other cryptographic currencies have made great efforts to keep pace with the strong rise of Bitcoin.

Many ICO projects and tokens have gained value due to some optimistic reports from Switzerland. This week, the Swiss financial observer published a guide aimed at regulating the transparency of ICOs. Given that most ICOs are of Swiss origin, the government, which plans to allow ICOs to be made in the future, will work to create a better ecosystem for Blockchain projects