The crypto markets rebounded 7.5% this Thursday, bringing total market capitalisation to a two-month high of US$1.16tn.
The rally comes amid some positive signs that US inflation is slowing on lower gas prices.
Bitcoin trended in line with the market, heading up 7.4% for a two-month high of US$24,575. Ethereum went into overdrive with a 13% rally, testing the US$1,900 barrier.
Solana emerged from its slump with a 14% lift, bringing the large-cap blockchain’s SOL token to a US$15.6bn valuation. Other large-cap blockchains also performed well, with Avalanche, Polygon and Cardano all enjoying high single-digit gains.
The decentralised finance (DeFi) space performed well, adding 5.4% in total value locked across all protocols. Decentralised exchanges Curve and Uniswap both added around 10% in their market caps, while Aave, Convex Finance and Synthetix all performed well.
Add related topics to MyProactive
The Company is a publisher. You understand and agree that no content published on...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
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...