By the evening of Wednesday, November 15, Bitcoin cost $7215.03. Thus, it recovered its position lost during the correction. Seems encouraging enough. At least those who bought the coin before its crush may calm down for some time, as they won’t lose their money if they need to sell.
The price recovery basically owes itself to the increase of BTC market cap to an all-time high of $217.1 billion. This has probably happened because of Man Group’s announcement this week. The company’s CEO, Luke Ellis, stated that Man Group “will add bitcoin to its investment universe if CME launches futures contract as planned” at the 2017 Reuters Summit. That should bring new buyers to the market. At the moment BTC price has increased even more. It costs $7514.81.
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