The world’s most widely used digital tokens, Bitcoin (BTC) and Ethereum (ETH) are trading with notable gains. Most altcoins are also witnessing an increase in trading volume. As a result, there are currently bullish gains in the cryptocurrency market today.
After falling as low as $15,500 in the previous week, Bitcoin appears to be regaining up to $1,000 this week. Bitcoin is currently trading at $16,799 with a $322.8 billion market cap.
However, the second-largest cryptocurrency, Ether (ETH), which is native to the Ethereum blockchain, also increased in value over the past 24 hours, rising 4.14% in market cap and trading at $1,265. With a drop from over $1,600 to around $1,100, Ethereum was one of the most impacted altcoins in the aftermath of the FTX scandal.
The performance of other cryptocurrencies, including Avalanche (AVAX), Polkadot (DOT), Uniswap (UNI), Polygon (MATIC), Cardano (ADA), and Litecoin (LTC), also improved over the past 24 hours.
Disclaimer: This article is intended solely for informational purposes and should not be considered trading or investment advice. Nothing herein should be construed as financial, legal, or tax advice. Trading or investing in cryptocurrencies carries a considerable risk of financial loss. Always conduct due diligence.
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