The cryptocurrency market shows recovery signals after a volatile start of the week, driven by risk appetite and positive performance of the technological sector in this session.
XRP, Bitcoin and other cryptocurrencies rise on Tuesday and recover part of the land lost after a very volatile start of the week. The largest cryptocurrency in the world again exceeds the brand of the U $ S100,000with an increase of 4.1% in the last 24 hours, to $ 102,914, according to data from Binance.
The popular Altcoin XRP He leads the rebound in the sector after climbing 12%, to US $ 3,14. Ether, on the other hand, rises 5% in the last 24 hours, while Solana increases 7.5% and Dogecoin scale 8.7%.
It should be remembered that all the main digital currencies fell on Monday in the middle of a strong market drop, after a Chinese company announced that it had developed an artificial intelligence model capable of competing with the main Western models due to a fraction of the cost.
Cryptocurrencies: What does the market expect
Cryptocurrency investors are also attentive to any news about the progress of a national cryptocurrency reserve, an initiative promised by President Donald Trump, but has not yet taken shape.
However, the great movements of Monday were “more a reflection of appetite due to the risk that something specific to news about crypto deregulation expectations,” according to the Louis Navellier market strategist.
As cryptocurrencies fell along with technological actions on Monday, early Tuesday they were recovering to the sector’s rhythm: Nasdaq 100 futures rose 0.7% before opening.
Source: Ambito
