Connect with us

Hi, what are you looking for?

Markets

Solana Leads Top 10 With 11% Jump in Crypto Market Rebound

Read more about this crypto news

The post Solana Leads Top 10 With 11% Jump in Crypto Market Rebound appeared on BitcoinEthereumNews.com.Solana led major cryptocurrencies, especially those in the top 10 by market valuation, with an 11% bounce as the crypto market rebounded ahead of traditional futures opening on Sunday. Crypto prices rebounded sharply on Sunday, as traders bought the dip following Saturday’s crash, which saw over $500 million in liquidations. The market added $32 billion in market value by Sunday morning, after shedding about $128 billion the previous day, according to data from CoinGecko. Solana led the recovery among majors, rising 11% to an intraday high of $88.89. At the time of writing, Solana was up 9.22% in the last 24 hours to $85.30 and down 0.41% weekly. Ripple CEO Urges Banks to Act in Good Faith Crypto Market Review: Bitcoin’s $70,000 Guarded Like Treasure, Will Shiba Inu Have Bullish March? Ethereum Breaks Above 100-Day Threshold SOL/USD Daily Chart, Courtesy: TradingView Despite the rebound in the markets, weekly performance across most digital assets remains mixed, with thin liquidity and upcoming moves in the equities market likely to determine whether this bounce continues. The market saw a sell-off toward the weekend as investors reacted to global headlines and hotter-than-expected U.S. producer price data. The recent rebound looks convincing on a 24-hour chart but might be fragile. Saturday’s market drop coincided with thin weekend liquidity, and the same with Sunday’s rebound. You Might Also Like Some observers believe Sunday’s mild bounce is a sign that crypto markets are looking past global headlines and traders are positioning for an extended recovery in prices. Cryptocurrency traders, however, remain on the lookout for a bottom as a recovery in prices on Sunday remains limited. Solana news Solana reversed a two-day drop, rising from a low of $77.13 on Feb. 28. The rise reached an intraday high of $88.89 on Friday, with the next focus now…

Trending

You May Also Like

Markets

Bitcoin"s value against gold has reached a critical support level; will it bounce back?

Markets

AVAX is currently trading between $21.40 support and $23.50 resistance levels, with potential for short-term recovery.

Top Stories

BitRss provides real-time updates and curated content for the crypto community around the clock

Top Stories

A counterfeit Hyperliquid app has been identified, raising concerns over user scams.

Markets

Dogecoin"s open interest has fallen to its lowest in six months, signaling potential price volatility ahead.

Business

Ripple"s recent achievements spark discussions on an IPO, though the company denies any immediate plans.

Markets

Ethereum struggles to maintain a $3.2K floor amidst significant DeFi market outflows and low buying conviction.

Business

Kazakhstan plans to establish a national crypto reserve fund to diversify its economy beyond oil.

Business

Despite market fears, crypto investment is robust, with AI projects attracting significant capital.

Markets

President Trump claims U.S. inflation is nearly gone, boosting risk appetite in crypto markets.

Markets

Ethereum"s price has dropped to around $3,200, with significant losses recorded over the past month.

Markets

WunderTrading offers a non-custodial platform for automated cryptocurrency trading without asset custody.

Copyright © 2024 COINNEWSBYTE.COM. All rights reserved. This website provides educational content, emphasizing that investing involves risks. Ensure you conduct thorough research before investing and be ready for any potential losses. For those over 18 and interested in gambling: Online gambling laws differ across countries; adhere to your local regulations. By using this site, you agree to our terms, including the presence of affiliate links that do not impact our evaluations. Cryptocurrency offers on this site are not in line with UK financial promotion regulations and are not aimed at UK consumers.