Bitcoin at $ 21,000: Cryptocurrencies maintain pace of recovery and rise reaches 10%

The cryptocurrency market dawned higher and a little more stable than in recent days. After accumulating more than a week in decline, coins such as Bitcoin, Ethereum, XRP, Cardano, Solana and even Dogecoin are back up.

Bitcoin, the main cryptocurrency on the market, has been showing a recovery full of ups and downs. After reaching US$ 18,000 over the weekend, the currency has been accumulating a daily high, interspersed with slight drops. According to CoinGecko, BTC has reached a price of $21,161.18 after rising another 2%.

Ethereum, the second largest cryptocurrency on the market, started with a slight low and relatively stable price in the last 24 hours. At around 9am, ETH was only down 0.2% in price. The day’s charts showed bullish and bearish swings in the currency. According to CoinGecko, the price of ETH was $1,151.69.

The cumulative drop since Bitcoin’s ATH is 69%. ETH, on the other hand, accumulates a total drop of 76%.

Price of top cryptocurrencies today

As the market tries to stabilize amid economic uncertainty, some cryptocurrencies are resisting. BNB, for example, issued by the Binance exchange, is up 2.8% in the last 24 hours. The coin has been accumulating progressive gains over the last 48 hours. According to CoinGecko, the current price of BNB is $221.53.

Already Cardano (ADA) lost another 1% in its value, after announcing the postponement of the Vasil blockchain update. The current ADA price is $0.502744.

XRP remained stable on the market price yesterday. The cryptocurrency was down just 0.1% by 9am, with no big gains in prospect for the day. The current price of XRP is $0.328301.

In ninth place among economies, Solana (SOL) was up 2.9% in 24 hours, around 9 am on Tuesday. SOL is already up 39% for the week and is one of the fastest recovering cryptocurrencies on the market. According to CoinGecko, the SOL price was $37.46 at 9am.

Lastly, the Polkadot coin (DOT) has also held its value steady over the last 24 hours, with a slight rise of 0.4%. The current DOT price is $8.04.

Elon Musk Speaks, Dogecoin Obeys

That Elon Musk likes cryptocurrencies is no secret. In recent months, the Tesla CEO has publicly supported several projects on Twitter, as well as accepting cryptocurrencies as payment for his cars. But while its support is well regarded by investors, it also generates controversy.

One of the latest controversies involving Musk and cryptocurrencies was the lawsuit filed by a cryptocurrency investor from the United States. The reason given in the motivation is that Musk would have created a “financial pyramid” with the Dogecoin cryptocurrency.

The lawsuit seeking $258 million in damages was not enough to intimidate Musk or cryptocurrency investors, who stood firm in their support. On Sunday afternoon (19), Musk reiterated his support for the cryptocurrency, which has risen more than 19% since then.

According to CoinGecko, the price of DOGE has jumped another 5.5% in the last 24 hours, even after the talk has cooled off among netizens. The outlook for the currency is for another bullish wave between today and tomorrow. The current DOGE price is $0.064481773154.

In addition to Dogeocin, Shiba Inu also felt the effects of the controversy and accumulated its profits. In the last 24 hours alone, the coin has risen by around 10% to $0.000009188731. The 48-hour rise is 15%.

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