Gains have been recorded across major cryptocurrencies over the past 24 hours in the cryptocurrency market, APA-Economics reports.
Bitcoin rose by 0.50% over the day to reach 89,918.73 US dollars.
Ethereum increased by 1.18% to 3,015.99 dollars, while BNB gained 1.25% to reach 891.56 dollars.
Among other major assets, XRP rose by 2.34% to 1.94 dollars, Solana increased by 1.92% to 130.21 dollars, Cardano gained 1.80% to 0.3651 dollars, and Dogecoin rose by 1.39% to 0.1271 dollars.
Prices of stablecoins remained almost unchanged. Tether rose by 0.02% to 0.9989 dollars, while USD Coin fell by 0.01% to 0.9996 dollars.
According to analysts, the daily gains are linked to a short-term technical rebound, increased buying interest in large-cap cryptocurrencies, and a temporary rise in risk appetite in the market. However, correction pressure remains for a number of assets on a weekly basis.
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