Bitcoin, Ether and Other Top Cryptos See Minor Market Recovery

blockchain.news:

The crypto market has indicated some signs of little recovery with major crypto coins trading slightly higher on Monday. 

The global cryptocurrency market cap is currently trading slightly higher at $1.31 trillion, an increase of 3% in the last 24 hours, according to <dfn data-info=«CoinMarketCap is the world» s most-referenced price-tracking website for="" cryptoassets in the rapidly growing cryptocurrency space. its>CoinMarketCap. The global crypto market cap shrunk to $1.28 trillion yesterday, but for the last 24 hours, a few top cryptos have witnessed a mild recovery from recent lows.

The top 10 cryptocurrencies on CoinMarketCap have seen some changes amid the ongoing market crash. While Dogecoin has descended to number 10, Terra (Luna) has disappeared from the top crypto charts as major exchanges have halted the trading of Terra and the sister token.

Bitcoin has increased its price slightly to $29,517.75 as of 10.05 AM East African time. On Thursday last week, Bitcoin plunged as low as $25,401.29, marking the first time the flagship cryptocurrency sunk below the $26,000 level since December 26, 2020.

In the last 24 hours, Ethereum rose its value by 0.17% and is currently trading at $2004.67. Last week on Thursday, Ether, the second-biggest digital currency, fell as low as $1,704.05 per coin. It was the first time the token plunged below the $2,000 mark since June 2021.

Meanwhile, other major cryptocurrencies have also shown some signs of recovery. For the last 24 hours, Binance (BNB) rose its price by 0.16% to $293.10; Solana (SOL) increased its price by 5.24% to $51.64, while Cardano (ADA) also rose its value by 5.93% and now trades at $0.5607 per coin.

Popular meme cryptocurrency Dogecoin is currently ranked 10th