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Crypto assets stabilized on Thursday and regained ground after Wednesday’s volatile trading saw Bitcoin tumble below $20,000 and altcoins drop.
Bitcoin (BTC) climbed back to $20,900 by Thursday afternoon, recovering from its 24-hour low of $19,764, while Ether (ETH), the second-largest cryptocurrency by market capitalization, was up about 5.5% at above $1,100.
Stocks gained Thursday, with the S&P 500 up 1%. The tech-heavy Nasdaq rose 1.5%, a sign of improved sentiment toward riskier assets.
Some altcoins benefitted from the positive sentiment and surged during the day on positive news.
MATIC, the native token of Ethereum-scaling platform Polygon, jumped 19% in the last 24 hours after Polygon introduced improved privacy for decentralized autonomous organizations (DAOs) on its network. The Cosmos network’s token, ATOM, gained 12% after decentralized...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...