The mid-week slide that happened on Friday affected the crypto markets and many coins that achieved minor advances after the significant retraces over the past couple of days. One of them is the price of Bitcoin that headlined this advance with a march back above $10,000. Ethereum, on the other hand, outperformed the index with a considerable margin.
Speaking of, the Ethereum price has managed to recover to $871 (at press time) and is coming closer to the $1,000 mark. The second leading cryptocurrency now has a market cap of $85 billion which growth over the past few months was impressive.
The cryptocurrency market cap also raised by 1.3% for the present day. Currently, it is somewhere below $465 billion and is coming closer to the $500 billion mark over the weekend. Thanks to the minor recovery, the Bitcoin price climbed back above the $10,000 barrier which seems to be a psychologically important one for many investors.
Currently, Bitcoin is valued at $10,396 which marks a single day increase of about 0.5 percent and around 6% increase from its last week lows. The moderate recovery mostly came from the news about the mobile trading app Robinhood which began rolling out a cryptocurrency trading service that was first announced in January.
When it comes to altcoins, the situation is different for every single one of them. In a nutshell, the altcoins achieved mixed advances and most of the cryptocurrencies remained close to the index. While Ripple and Bitcoin Cash rose by 2%, Litecoin and Cardano held steady at their levels.
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