While Bitcoin is approaching a potential uptrend, the altcoin market is showing a sign of decent recovery with ETH and XMR spiking over 5% in the past day.
After hitting the low near $2,100 on leading crypto exchanges last Sunday, ETH has now surged above $2,800 in an attempt to reaccumulate in the $3,000 range. The pump in ETH price has followed an announcement citing confirmation from Elon Musk on putting the U.S. Treasury on a blockchain and people are assuming it to be Ethereum.
Besides ETH, XMR has also caught attention from investors with the crypto assets surging 6% in a day, highest among major altcoins. The FTX token (FTT) has also pumped over 7% in hours after FTX Recovery Trust’s announcement of distributing funds to creditors with claims below $50,000.
TRUMP price has also started to accelerate once again with it jumping 9% and trying to surge past $20 – as per Coinmarketcap data.
Trending Crypto Today
- Official Trump (TRUMP)
- Terra (LUNA)
- Virtuals Protocol (VIRTUAL)
- Enjin Coin (ENJ)
- STP (STPT)
Top Daily Gainers
- TRUMP (Official Trump): +9.14%
- FTX Token (FTT): +7.46%
- LDO (Lido DAO): +6.16%
- Litecoin (LTC): +4.80%
- Monero (XMR): +4.25%
The global crypto market cap today stands at $3.23 trillion with a 24 hour trading volume of $119.54 billion.
Read: New Mexico Introduces Bill to Invest Public Fund in Bitcoin
