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July 18, 2018, 05:59:37 AM |
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An unexpected corrective rally occurred in the evening of July 17, pushing the price of major digital assets to spike by large margins. Bitcoin and EOS have been the best performers out of the major cryptocurrencies, rising by nearly 10 percent in a short period of time.
This sudden increase can be traced to the emergence of a series of positive events such as the government of South Korea regulating its cryptocurrency market, which could fuel the next rally of the market. Optimistic developments in leading cryptocurrency markets including the US, Japan, and South Korea were not reflected by the crypto market over the past two weeks, and the recent bull run may begin to portray the progress the market has seen in terms of regulation, adoption, and general consumer demand.
I think we should all get set for the bull market because it might be earlier this time.
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