Crypto Markets Are Green Across the Board as Bitcoin Crosses $12,000

Friday, June 28 - Top cryptocurrencies bitcoin, ether, and ripple are all in the green, a total turnaround from the sea of deep red on Thursday.

Bitcoin is currently trading at $12,316 again, around the levels it sank to following the sudden $1,400 flash crash on Wednesday.

Bitcoin had continued to sink all the way to $10,380 on Thursday, but is now seeing strong recovery on the day, trending up by around 14%.Bitcoin 7-day price chart.

The top altcoin and second largest cryptocurrency by market cap, ether, is seeing moderate gains on the day, up 5% and trading at $308. Ether has for the most part been cruising slightly above the $300 mark since it achieved this new altitude last Friday.

Ripple is seeing some small gains on the day, up 1.8% at $0.415, after suffering a hard crash on Thursday from around $0.45 to $0.39.

As far as other top cryptocurrencies are concerned, Chainlink, the 19th largest cryptocurrency by market cap, is showing a massive 26% gain on the day.

Regarding the overall state of the cryptocurrency market, analysts have suggested that the recent correction in the crypto market is still consistent with forecasts of a so-called parabolic bull run.

"A 20%-30% pullback would not be surprising and very consistent with bitcoin's recent bull-market pullbacks."

Meanwhile in traditional markets, gold is trending up slightly after seeing a major crash on Wednesday and Thursday, like bitcoin, according to data provided by MarketWatch.

In a recent turn of events, Steve Forbes, of Forbes Media fame, wrote an open letter to Mark Zuckerberg to back Libra with gold and instead call it "Mark.".