After a long day's fall, the market of digital assets has finally seen a positive trend. Over the past day, bitcoin has risen in price by more than 20%, and at the moment the value of the flagship of virtual currency is over 7.8 thousand dollars per unit.
Ethereum Foundation will provide $30 million for development of the ecosystem of the blockchain; the lion’s share of the means is meant to enhance the efficiency of the scalability.
Ethereum transactions totaling $1 billion had been run from May 13 to May 19 on the cryptoexchange Coinbase. The fact could be a sign of the return of corporative investors.
The price of Bitcoin has dropped from $8390 to $7285 at the time of correction. Subsequent to the drop of BTC, the majority of altcoins gone red as well.
For the last 24 hours, the altcoin has increased to 20% and to 55% since the beginning of the week. It exceeded the rest of the top-10 altcoins in regard to the pace of growth on April 16.
The research by Chainalysis has shown that 1/3 of all Ether are in possession of 376 addresses which hold the assets on their purses. A large transaction from such a purse affects the volatility of the coin.