Good afternoon and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime.
Some good news finally arrives for crypto investors as bitcoin prices slowly climb back into the green and sustain.
BTC rose 3.21 percent to trade at $6,348.56 as of 12am today.
The rest of the market fared well too, with Ethereum rising 1.77 percent to trade at $323.39.
Ripple increased 2.34 percent to go for $0.306127, while Litecoin jumped by 7.42 percent to sell for $60.68.
Bitcoin suffered heavy losses in the last few weeks, dropping more than $1,000 in just under a week to see prices drop to the lowest point in six months.
Is this the recovery needed to see bitcoin soar?
12.30 UPDATE: Bitcoin dominance rate hits 50 percent as investors drop altcoins
According to data from CoinMarketVap, Bitcoin (BTC) now makes up 50 percent of the entire cryptocurrency market capitalization.
Specifically, CoinMarketCap’s bitcoin dominance rate (which is an indicator that tracks the percent of the total cryptocurrency market capitalization contributed by the leading cryptocurrency) reached 50 percent for the first time since December 19th, 2017.