Because of its volatility, you never know when the crypto market will rise to greens and fall to reds. After a steep drop yesterday, the cryptocurrency market is on the mend today. Bitcoin recovered some of its losses suffered yesterday, and the majority of the other major cryptocurrencies were also trading in the green.
Major cryptos
Bitcoin ($BTC), the largest cryptocurrency, experienced a reassuring rise early Friday morning. At 5:09 a.m. ET, the coin had gained 2.93% and traded at $48,273. The market capitalization was $912.18 billion at the time. The 24-hour trading volume, on the other hand, has increased to 39.5 billion from $31.4 billion yesterday.
Ethereum ($ETH), bitcoin’s main competitor, has also recovered. At 5:09 a.m. ET, the coin was trading at $3,789, up 2.64 percent. The market capitalization was $450 billion at the time. The 24-hour trading volume for the second-largest cryptocurrency has increased to 13.21 billion, up from $16.8 billion the day before.
Another major cryptocurrency, Solana ($SOL), fell 3.62 percent yesterday and traded at $1.36 at 6:57 a.m. ET. It has, however, recovered 1.54 percent since yesterday and was trading at $175.4 as of 5:09 a.m. ET. The market capitalization was $54.31 billion at the time.
After a 2.68 percent loss yesterday, Avalanche ($AVAX), the second-best performer last month, recovered 3.34 percent early Friday morning. At 5:09 a.m. ET, the coin was worth $105.9. The market capitalization was $25.78 billion, a 2.68 percent decrease. However, AVAX’s 24-hour trading volume has dropped by 17% to $987.84 million.
Cardano ($ADA) gained 2.07 percent after falling 4.09 percent the day before. At percent:09 a.m. ET, the coin was trading at $1.36. The market capitalization was $45.64 billion at the time. Furthermore, the 24-hour trading volume was $1.29 billion.
Shiba Inu, the meme-frenzied cryptocurrency, has also gained today. At 5:09 a.m. ET, the coin was trading at $0.000000, up 2.97%. Meanwhile, Dogecoin gained 1.25% and traded at $0.1743 at 5:09 a.m. ET.
On the other hand, HEX USD fell 13% today to $0.29.
The year is coming to an end, and it will be exciting to see what happens next in this volatile market.
