The cryptocurrency market is gradually recovering: Ethereum has risen in price by 27%, and Bitcoin -

[dartwalker]

After the big drop noted a few months ago, the cryptocurrency market is beginning to gradually recover: thanks to the optimism of investors who invested in digital assets, the total market capitalization has again reached one trillion dollars today. In this regard, many coins are also becoming more expensive, including Bitcoin showing positive dynamics.


According to Coinmarketcap, the Ethereum exchange rate at the time of writing is $1,452. For a week - +27%, for a day - +6%. Recall that the successful completion of network update testing is mainly due to the growth of this coin. When the exact date of transition to the Proof of Stake (PoS) protocol was announced, the Ether rate jumped sharply from $1,040. If no more transfers are expected, mining for Ethereum will be closed as early as September 19, 2022.

Following the Ether, other assets also rose in price. For example:

• Bitcoin: +8.5% per week, +3.5% per day
• BNB: +12.5% per week, +2% per day
• Solana: +20% per week, +3.4% per day
• Polkadot: +10.5% per week, +3.2% per day
• Polygon: +62.4% per week, +15.2% per day
• Uniswap: +20.4% per week, +0.8% per day.

It is worth noting that according to analysts' forecasts, after a prolonged fall, bitcoin has two options: to gain a little in value, demonstrating positive dynamics, and then fall even lower again (correction), or to continue growing at an accelerated pace and overcome several important psychological marks for investors at once, after which a bullish cycle may begin.
Source.

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https://coin-signal.com/cryptonews/the-cryptocurrency-market-is-gradually-recovering-ethereum-has-risen-in-price-by-27-and-bitcoin-by-8-5/
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