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October 16
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After a sharp drop the market of digital currencies starts to recover on Friday, as the world's most popular crypto currency, bitcoin, is trading near the $11,000 mark, according to the auction, RIA Novosti reports.

According to the portal CoinMarketCap, as of 8.32 msc, bitcoin went up by 2.28%, to 11.62 thousand dollars. At the BitMEX exchange, the Crypto currency rose by 2.2%, to 11.4 thousand dollars, on Bitfinex - by 1.6%, to 11.14 thousand dollars. According to the portal Coindesk, bitcoin appreciated in price by 0.78%, to 11.34 thousand dollars.

On Thursday, after falling below the $10,000 mark, bitcoin now started to rise, later exceeding a mark of $12,000. According to the head of the research department at Blockchain Capital Spencer Bogart, bitcoin showed its ability to withstand shocks, while smaller crypto-currencies are overvalued these days. The expert believes that such stability of bitcoin is an excellent opportunity for many people to buy it.

According to the data of CoinMarketCap, Ethereum crypto currency is appreciating by 4.1%, up to 1.05 thousand dollars, Ripple - by 16.7%, to 1.64 dollars, Bitcoin Cash - by 1.13%, to 1.82 thousand dollars. Capitalization of the market is currently $573.98 billion. The share of bitcoin is approximately 34% of the whole market of crypto-currencies, whereas the shares of Ethereum and Ripple are accordingly 18% and 11%.

The CoinMarketCap service allows you to track the average price and capitalization of each of the existing crypto currencies. When calculating the average market price for bitcoin in dollars, the aggregator calculates data from more than 20 exchanges.

Coindesk is a media resource specializing in crypto-currencies. It calculates the average price of bitcoin at its dollar value on the four largest world crypto-exchanges: Bitfinex, Bitstamp, Coinbase and itBit

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