The market price trends havechanged from bloody red to deep green. Bitcoin and several other Altcoins are showing gains ranging from 1% to12%. The overall capitalization of allthe digital currencies in circulation went down from $324 billion to $303billion. The average trading volume wentup from $98 billion to $86 billion on Tuesday. Bitcoin has bounced back to its market value.

The $11,000 was the criticallevel for Bitcoin, but the token sustained past the level and created anenvironment for further recovery.

Novogratz saw a lot of interestfrom technology companies from across the world and stated: "you are goingto see some consolidation between $10,000 and $14,000 for a while before we hitthe next stage higher."

Ethereum gained more than 5% ofits value with an existing market capitalization of $31.7 billion. The critical $300 level continues to beuntouched. The ETH/USD has been changinghands for a value of $298. The marketsentiments are improved in the cryptocurrency market. This means that the recovery might gathertraction in the near future.

The price swings of Ethereum andBitcoin were high over the past 24 hour period that investors were relieved asthey were previously worried about how the price of Bitcoin might be headingover.

Novogratz stated, "I wishI'd sold more. There was too much energy in the market. I do not think I'mselling again in the next run-up to $14,000 per Bitcoin. My selling point isprobably closer to $20,000, but I don't expect that in the next few weeks. Itwill more likely be towards the middle to the end of the third quarter."

XRP from Ripple went up by 2%with the market capitalization at $17.2 billion. XRP recovered from intradaylows of $0.3986. Litecoin has beentouching $121, and it recovered from the low at $118.76. This is a 5% gain since Tuesday. The market is moving in synchronization withthe overall market.

Delphi Digital notes have tostate, “The recent parabolic price moves have given us an eerie flashback to2017, albeit sentiment is not nearly as dramatic.”

Libra is considered by many tobecome an educative experience for many investors, which in turn is becoming acomplimentary benefit for Bitcoin adoption.

Several small-cap Altcoins aswell made a recovery and it gained more than 10%. In summary, the price of the Bitcoin is backin the positive zone, and it is expected for the price to go up during thecoming sessions.