Crypto Market (Watch) in Recovery: BTC Price Rises to $56K, SOL, SHIB Explode by 24% Daily

After experiencing its worst crash in a few years, bitcoin’s price has bounced off, and the asset has recovered over six grand in the past 18 hours or so.

The alternative coins have followed suit with even more impressive gains today, and the total crypto market cap has added more than $200 billion since yesterday’s low.It’s safe to say that what transpired in the past several days was quite unexpected, given last Monday’s surge to $70,000. But we will focus mostly on the events that happened from Friday to now.

Following a weak jobs report in the US and the controversial actions by Japan’s central bank, BTC plummeted on Friday from $66,000 to $62,200, alongside Wall Street and most risk-on assets. Although that was aby double digits and plummeted to under $50,000 for the first time since mid-February. This substantial correction left more than $1.2 billion in liquidated positions as fears emerged about aThis is all you need not to miss any price action in the raging crypto markets.

Solana’s native token leads the pack from the larger-cap alts with a 24% surge to $142. Shiba Inu has charted a similar jump that has pushed it to $0.000014. Impressive gains also come from the likes of ETH , BNB , XRP , DOGE , ADA , and many others. The cumulative market cap of all crypto assets has added more than $200 billion since yesterday’s low. As such, the metric has risen to $2.070 trillion on CG.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Coinbase Q2 earnings beat expectations as crypto market posts signs of potential recoveryCoinbase (COIN) is down 5% on Thursday after announcing a strong Q2 earnings report that surpassed market expectations.
Källa: FXStreetNews - 🏆 14. / 72 Läs mer »

Dogecoin (DOGE) and Solana (SOL) Lead Crypto Market Recovery as Bitcoin (BTC) Reclaims $60KThese are top-performing cryptocurrencies over last 24 hours
Källa: Utoday_en - 🏆 295. / 63 Läs mer »

Bitcoin Recovery Stalls As Mt. Gox Fears Rattle Crypto MarketRobert Hart is a senior reporter for Forbes covering science, technology and health with a frequent focus on artificial intelligence, space, weight loss drugs and emerging technologies. He joined Forbes in 2020 and is based in London. Rob has covered everything from the billionaire space race, the health impacts of overturning Roe v.
Källa: Forbes - 🏆 394. / 53 Läs mer »

Guidance for Surviving Tough Crypto Market Provided by SHIB TeamShiba Inu executive addresses crypto community about surviving hard times on crypto market
Källa: Utoday_en - 🏆 295. / 63 Läs mer »

Over $500 Billion Gone From Crypto Markets Since Friday: Here Are the Biggest Losers (Market Watch)Crypto Blog
Källa: Crypto_Potato - 🏆 568. / 51 Läs mer »