Crypto recovers following blowout, BTC back up from 6,000 low

• Bitcoin manages to halt market slide for now, bounces from 6,000.00.
• Cryptos under pressure as China and others shut the door on crypto trading.

Crypto markets have recovered from their recent disastrous rout that saw Bitcoin tank from a December high of 19,891.00 to the 6,000.00 mark. Bitcoin has managed to halt the slide and is now trading near 7,700.00 in the overnight session.

Cryptocurrencies have suffered a slew of setbacks recently, with China outlawing the buying and selling of crypto within their borders and securities regulators around the world clamp down on exchanges that overstep their boundaries to include fraudulent securities practices. A glimmer of hope, though, from the Asian continent: Singapore has declared themselves open for crypto business, stating they will not shut their borders or clamp down on crypto trading within their country, though they will warn people about the dangers of fraudulent crypto exchange programs. Japan also has a keen eye on the crypto market, and is open to the idea of blockchain securitization in the future, though have been silent on what that might look like.

Bitcoin is up from its 6,000.00 low, trading near 7,700.00, while Ethereum lifted from its 565.54 low and is now trading near 780.00, and Ripple is now trading near 0.768 after reaching a 0.573 low.