Cryptocurrency Markets Rally 15+ Percent, Bitcoin Value Increases $500

After a year of price deterioration, the cryptocurrency market has recovered some during the last two days.

There is speculation that the rally could spell the end to the year-long winter, with Bitcoin recovering $500 in value.

Over the last two days, the markets have experienced a strong rally, with the overall market capitalization increasing 16 percent since midnight of Dec. 16th. Bitcoin has appreciated roughly $500 since that time, a 14.5 percent increase.

Within the last twenty-four hours, Bitcoin Cash and Stratis have lead the pack with 22.5 percent and 11.5 percent increases, respectively.

The largest twenty-four-hour loss has occurred around EOS, experiencing a 4.7 percent downwards correction following a robust breakout.

Overall, EOS has still gained 30 percent since Sunday, going from $1.93 to $2.51.

Other notable losses include Decentraland depreciating 4.7 percent, IOTA at 3.1 percent, and Basic Attention Token at 2.8 percent.

Or, the market could be finally reaching the oft-predicted 'bottom.

It's still too early to determine whether the market uptick is a 'sucker's rally,' or the signal to a more sustained recovery.

As always with markets as volatile as cryptocurrency, the winds can change at any moment.