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Recovery: Crypto Markets Regain $100B, LUNA Spikes 15% (Market Watch)

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While bitcoin has spiked by around 5% in a day, some altcoins, such as LUNA, AVAX, and ADA, have marked significantly more impressive gains.

BTCUSD. Source: TradingViewThe alternative coins suffered even more than bitcoin in the past few days, but their more volatile nature has resulted in impressive recovery sessions today.

Ethereum is up by over 6% on a daily scale and currently sits north of $2,700. Binance Coin has added a similar percentage following yesterday’s dump and now stands at $380.Terra is the most impressive gainer from the larger-cap alts after the of raising $1 billion for Bitcoin UST stablecoin reserves. LUNA has surged by 15% since then and now sits at nearly $60.The crypto market cap is up by around $100 billion since yesterday’s low and now sits at $1.750 trillion.

 

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