The crypto market is back above $1 Trillion as Bitcoin and Ethereum make rebound
The crypto market is making a charge towards the positive today. In what has seemed like the beginning of a very long very tumultuous bear market the market seems to be making a rebound at the current moment.
The charge is being led by the two most prominent tokens-Bitcoin, and Ethereum after a frustrating number of weeks for investors. Bitcoin has reached a monthly high of $22,430 this Monday morning thus relieving some of the stress caused by this dramatic crash in prices lately.
Trading volumes are moving higher now as well as a rise of 15% can be seen all over the market with a rise in $31.6 Billion. Ethereum is well over Bitcoin with a 7.7% surge for the day. The token is gearing up for its switch from Proof-of-work to Proof-of-stake which will be unveiled this September. Ethereum is now sitting at $1,467.94 at the time of this writing, shooting for a $1,500 high by the end of this week.
Other token gains include Ethereum classic, Binance Token, XRP,Cardano, Solana, Dogecoin, Polkadot,Avalanche, and Polygon.