Cryptocurrencies are seeing the green light in the market today yesterday And today brutal government strikes.
Bitcoin (BTC), the top cryptocurrency on the market, almost recovered from yesterday’s losses to post a 3.7% gain on the day to trade at $27,055. Over the week, however, the asset is down nearly 3%, with its market cap slightly over $520 billion.
Second in command of market capitalization, ether (ETH) recorded a similar performance. It is up 3.6% in the last 24 hours and currently stands at $1,874. after to Coingecko. The token remained on the Security and Exchange Commission (SEC) list of securities with a healthy market cap of over $225 billion.
Further down the list, various cryptocurrencies have seen similar price moves, with altcoins big and small showing mostly green candles. This is despite the SEC’s crackdown on securities it says are unregulated.
The top ten tokens, also known as blue chips, are seeing gains in the 2-5% range, with outliers such as Dogecoin is up 6% and ranks 9th in Coingecko.
Although the parent company is currently under pressure from the SEC, Binance coin (BNB) was also a green day up 2.7% to change hands at $282.09. The seven-day performance is tense, hitting a high of $312 on May 30 and a low of $274 yesterday, down 9.7% on the week.
Among the biggest gainers in the top 100 with double-digit gains is Lido DAO (LDO), up an impressive 12% on the day and currently trading at $2.38; PepeCoin (PEPE) is changing hands at $0.00000119, up 16%; And optimism (OP) has seen a green candle up 11% with the asset being bought and sold at $1.50.
There are very few losers today. polygon (MATIC), listed by the SEC, and Tron (TRX), sit next to each other in seats 11 and 12 coingecko The readings have lost 2% or stayed about the same.
Given the current state of the cryptocurrency industry, these price moves look promising. The SEC is suing two largest Exchanges in the market and prices drop slightly only to bounce back the next day. It is uncertain whether we are in the presence of one dead cat jumpsor signs of a more mature market that believes in crypto rather than establishment.
Learn Crypto Trading, Yield Farms, Income strategies and more at CrytoAnswers
https://nov.link/cryptoanswers
Comments are closed.