Most tokens in the crypto space hovered briefly in the green on Tuesday, whereas WAVES saw a remarkable 27% upsurge.
Bitcoin rebounded to add some dollars following several successive days of downswings. That had many altcoins slightly upside, with Theta and Waves recording substantial increases with double-digit upticks. Let’s check what the market had for enthusiasts.
BTC Eyes $39K
The primary saw bearish motions over the past sessions after BTC failed to conquer $45K on 2 March. The following day saw Bitcoin on gradual losses before it plummeted beneath $40K on Friday evening. However, the situation deteriorated further over the weekend as the crypto consolidated around the $39K mark. The currency tried to challenge $40K on Sunday but faced rejections within no time.
That triggered more price declines for the leading crypto, the recent one coming on Monday, yesterday. The bearish leg saw BTC dipping towards $37K, hitting its lowest price level since 28 February. However, the bulls joined after that, pushing BTC north. While publishing this content, the crypto neared $39K, following about 2% daily gains. However, Bitcoin’s market cap remained beneath $750 billion.
WAVES Records Massive Upswings
Alternative coins also suffered within the past days as BTC battled bearish actions. However, the asset saw minor upticks today. Ethereum rebounded from $2.5K yesterday, gaining 1.5% to approach the $2.6K mark. However, the leading alt remains around $400 down within the past week.
Binance Coin climbed by a similar value, standing around $385. Further upswings came from MATIC, Shiba Inu, Polkadot, Solana, and Terra. Contrarily, CRO, Avalanche, Cardano, and Ripple presented slight losses over the past day.
Meanwhile, WAVES led the top 100 tokens with significant gains. The altcoin has gained around 27%, trading beyond $23 (CoinGecko data). Theta Network followed, surging 12%, whereas Zcash trailed the leaders with an 11% increase.
The upward moves in the crypto space saw the crypto market capitalization adding $60 billion within the past day, changing hands at $1.74 trillion as of this writing, reflecting a 1.46% increase.
What are your views on today’s slight recoveries in the crypto space? You can comment below.