E-coin (ECN) Price Rises More than 4,700%

Canadian E-coin has raised more than 4,700% on Tuesday to reach $230 in less than 24 hours. Now it is ranked 20th cryptocurrency on CoinMarketCap.com.

The E-coin was launched by the Canada-based E Corp In October 2017. E-coin can be bought or sold on exchanges including CoinExchange, YoBit, and C-CEX.

The total market capitalization has risen to $334 billion after falling below $300 earlier on Tuesday.

Bitcoin (TIKER: BTC.EXANTE) has recovered from three-month lows below $6,000 on and is currently trading close to $7,000.

NEO and NEM are the only cryptocurrencies to show rise.

The latest sell-off follows reports in the last week that have raised worries about increased regulation, hackers and potential price manipulation at a major cryptocurrency exchange.

On Monday the British Lllyds Bank joined J.P. Morgan Chase, Bank of America and Citigroup to ban cryptocurrency purchases by their credit card customers.

Reports from China say the authorities will increase efforts to restrict virtual currency trading platforms, especially those that may have moved overseas following Beijing's ban on initial coin offerings in September.