Cryptocurrencies have seen a positive change over recent hours. Bitcoin, Ethereum, and others have shown significant improvements in performance. Market fluctuations have been caused by the instability caused by FTX’s collapse. There has been a decline in many major and minor names due to the contagion. The market has been struggling to retain its value despite the faith expressed by various experts. It is likely that the market will continue to gain in the coming hours.
BTC trading at €17.2K
It is possible that Bitcoin price consolidation could strengthen other coins such as TON, APE, TWT, and AAVE. It is possible for these coins to gain outsized gains if BTC passes the $17.6K resistance level. Markets are affected by Bitcoin’s positive trend.
Bitcoin’s recent changes continue to show a positive trend. The latest data shows that it has increased by 1.59% over the past 24 hours. According to the seven-day data, Bitcoin has added 6.98%.
ETH in gains
As network supply fees continue to stagnate, Ethereum has turned inflationary as network validators continue to avoid slashing events. It has been questioned whether holding Ethereum will be profitable for Q4 or if it can cause losses.
Ethereum has also shown an encouraging trend. The latest data shows that it has added 2.68% over the last day. There has been an increase of 10.37% over the past seven days.
NEO continues bullish
As the market remained favorable, Neo’s value continued to rise. According to the latest data, it gained 0.64% over the past 24 hours. Seven-day data shows an increase of 4.76%. In the current market, NEO is valued at €6.93.
Neo’s market capitalization is estimated to be €488,907,757. This coin’s 24-hour trading volume is approximately €28,582,210. The equivalent amount in its native currency is approximately 4,123,796 NEO.