Bitcoin has recovered its $3,500 support level after seeing slight losses to trade just above $3,400. In the past 24 hours, the currency has gained a modest 1.76 percent to trade at $3,500 on most major markets. On Bitfinex, the currency was trading at $3,538 at press time. Most of the other cryptos have seen green as well, with EOS leading the charge at 7.3 percent. The Ethereum competitor has regained the lead over Bitcoin Cash, jumping to the sixth position.
The current battered market provides the best opportunity to get into the market. This is according to leading ratings provider, Weiss Ratings in its latest research on the crypto market. According to the firm, investors underestimate the potential of the technology behind cryptos in the long term. The ratings also come just after Google revealed that Bitcoin was the most searched keyword in the ‘What is’ category in 2018.