- Bitcoin and Ether have rebounded from the $49,000 and $2,111 worth ranges, respectively.
- Bitcoin has risen 4.85% previously 24 hours, whereas ETH has risen 8.71%.
- SOL, JUP and PEPE rose 19.96%, 12.48% and 16.43% respectively.
The cryptocurrency market turned bullish on Tuesday after a large weekend correction that noticed main cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) fall by double digits and wipe thousands and thousands of {dollars} from the cryptocurrency market. The market rebounded after BTC fell to $49,000 and ETH fell to $2,111.
In keeping with information from CoinMarketCap, Bitcoin has risen 4.85% and ETH has risen 8.71% previously 24 hours. Digital belongings have seen a major enhance in buying quantity previously 24 hours and are buying and selling at $55,344 and $2,490 respectively on the time of writing. In the meantime, the full market capitalization of digital belongings has risen 5.41% previously 24 hours and is now approaching the $2 trillion mark.
Altcoins Solana (SOL), Pepe (PEPE), and Jupiter (JUP) additionally turned bullish, with SOL up 19.96% and buying and selling at $140 on the time of writing. Presently ranked because the fifth-largest digital asset out there, SOL has risen considerably by 512.66% since August 2023. SOL can also be the sixth-largest cryptocurrency out there by buying and selling quantity, growing 47.77% in 24 hours to $11.5 billion.
Main meme coin Pepe (PEPE) has recorded a major 16.43% enhance previously 24 hours and is at the moment buying and selling at $0.057963, whereas buying and selling quantity has elevated by 64.94% to $2.27 billion. In the meantime, PEPE’s market cap of $3.35 billion makes it the twenty fifth largest digital asset by market cap.
Lastly, JUP has additionally risen by 12.48% and is promoting for $0.8149 on the time of writing. With a 42.37% surge in altcoin buying and selling quantity, JUP ranks 57th within the cryptocurrency area with a large market cap of $1.1 billion.
In keeping with a Telegram put up from Singapore-based digital asset buying and selling agency QCP Capital, the crypto market worth crash over the weekend was the results of aggressive ETH promoting by Bounce Buying and selling and Paradigm VC. Nonetheless, Bitwise CEO Hunter Horsley predicted that the crypto market crash might result in the beginning of a crypto bull market within the close to future.
Disclaimer: The knowledge offered on this article is for informational and academic functions solely. This text doesn’t represent monetary recommendation or counsel of any type. Coin Version isn’t accountable for any losses incurred because of the usage of the content material, merchandise, or companies talked about. Readers are suggested to train warning earlier than taking any motion associated to the corporate.
