Bitcoin Hits $24,000; Uniswap & Polygon rise up to 24%
Traders now believe the worst of the inflation is now over and bearish markets will now see a quick recovery. Bitcoin topped the $24,000 level, even though US GDP contracted more than expected. Risk appetite is roaring back but experts believe that it is too quick to jump to any conclusion.
Barring the US dollar-pegged stablecoins, all other top crypto tokens were trading higher. Uniswap zoomed 12 percent, whereas Polygon rallied about 9 percent. Solana jumped 8 percent and Avalanche added 5 percent.
The global cryptocurrency market cap was trading sharply higher at the $1.10 trillion mark, rising about 3 percent in the last 24 hours. However, the total trading volume jumped more than 17 percent, close to $104.14 billion.
Posted Using LeoFinance Beta
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