Crypto Markets Slightly Recover After Weekend Decline

Cryptocurrencies are on the rise again, with some stability in sight. Over $1.7 trillion worth of cryptocurrency, the global market cap has increased by 0.51% today alone. It seems like the crypto markets are finally starting to recover. Bitcoin rose by 1.61%, while Ethereum also showed a slight uptrend in the recent 24 hours, going up 0.70%. The price of bitcoin is currently $38,900, and that for Ethereum stands at about USD 2570 per coin. Related Reading | TA: Ethereum Could Avoid a Major Downtrend if it Closes Above One Key Level The dollar’s status as the world’s reserve currency has been challenged recently by economic uncertainty in Europe and weak growth forecasts for America. Still, it seems to be holding up well so far. Tether rose 0.02%, while Binance coin BNB showed significant gains with an increase of 4.57%. The USDC stable coin has made a significant uptrend and is up by 0.09%. This move towards stability in the crypto world shows signs of hope for long-term success. The price of Terra LUNA has crashed, but it’s still holding steady at around $81.52 with a 2.81% gain after recovering slightly from its Monday morning plunge, which saw the value go down 9%. XRP, the cryptocurrency that powers Ripple’s payment system and currency exchange app, showed slight upward movement. XRP went up by 1.95 percent in the last 24 hours of trading. The Cardano blockchain is often called an Ethereum killer, and it&...