Bitcoin rises again and rests on $17,000. ETH, FTT, SOL, DOGE and MATIC rise up to 34% in a few hours
On the fourth day after the FTX collapse, the cryptocurrency market finally dawns with some relief again. On Friday (11), some currencies returned to accumulating profits right after the release of the latest US consumer spending report.
Bitcoin, the main cryptocurrency in the market, returned to the level of $ 17,000, after rising more than 5% in the world market. In Brazil, the rise was sharp to 9%, thanks to the dollar’s climb at the last close. According to CoinGecko, each BTC was trading for R$92,710.
Ethereum has also climbed back over 10% in the last few hours, trading for R$6,815. The dollar price opened the market at R$5.34.
The value of the global cryptocurrency market jumped to $860 billion, rising as much as 5 percent in the past 24 hours. However, the total trading volume fell by about a quarter to $142.96 billion.
Leading cryptocurrency prices today
Far beyond Bitcoin and Ethereum, the market for alternative cryptocurrencies has also risen again. For investors, it means a relief, as the last few days have been ones of sharp declines and record profit losses.
According to CoinGecko, coins like BNB, XRP, Dogecoin (DOGE), are up about 10% in the last few hours. Cardano (ADA), meanwhile, made only 7% in profit.
Polygon (MATIC) has seen a 19% rise in the last few hours, accompanied by Solana (SOL), with over 33% in profits. The FTT coin, which has fallen as much as 80% in recent days, dawned with a 34% rise.