Although perhaps not as influential on global markets as their American counterparts at the Fed, a few other central bankers have had their say on this and that today. Meanwhile, the crypto market appears to be gathering positive momentum.
At the time of writing, the entire cryptocurrency market-capitalisation value is up another 4.3 per cent since this time yesterday. According to CoinGecko data, it’s currently sitting around US$2.4 trillion, give or take a few hundred million.
Bitcoin (BTC) is looking in decent shape right now, up about 3.5%. That said, deputising in market pace-setting duties, Ethereum (ETH) is outperforming the OG crypto on the daily timeframe, with a +10.5% gain.
I think the correction is done on #Ethereum in which we’ve seen a few beautiful retests.
The main top-10 standouts, however, are posting double-digit gains. These include: Avalanche (AVAX), +22%; Solana (SOL) +17%; and Polkadot (DOT) +10%.
Avalanche keeps ploughing on with big news and big partnerships. It’s seemingly an unstoppable smart-contracts crypto force at this point. The latest? Big-player crypto custodian BitGo has added support for AVAX, meaning its clients, including exchanges Bitstamp and Bitbuy, can now offer the token to their users.