Ethereum adds over 4% as cryptocurrencies rebound

Ethereum rose over $4 on Wednesday away from 14-month lows for the second session as most cryptocurrencies recovered en masse with a transient hiatus from the selloff wave that formed the market recently. 

At Bitstamp, Ethereum rose $5, or 4.3% to $113, with a session-high at $115, and a low at $108. 

Ethereum muscled up 1.5% on Tuesday away from 16-month lows at $98. 

Market value of cryptocurrencies rose $7 billion on Wednesday to a total of $132 billion, after plumbing $114 billion on Sunday, the lowest since August 2017. 

Cryptocurrencies are recovering somewhat as investors pick up cheap crypto assets while traders assess the latest developments. 

Bloomberg reported that the NASDAQ Exchange is still planning to launch Bitcoin futures in the first quarter of next year despite the recent collapse in prices.