📢FAVORABLE MARKET RECOVERY😁
✅The cryptocurrency market is experiencing a recovery, with a total capitalization of $3.42 trillion and a 2.92% increase in value. The trading volume has also risen by 19.76%, reaching $177.71 billion.
▪️Some cryptocurrencies leading the recovery are:
- *XRP*: with a rise of 19.16%, standing at $1.90
- *Bitcoin*: modestly increased by 1.19%, although some reports indicate it has surpassed $105,000 with a 3% increase in the last 24 hours
- *Ethereum*: rose by 4.3% to $3,695
▪️Factors contributing to this recovery include:
- *Investment from large companies*: corporations are investing in cryptocurrencies as an alternative to avoid inflation
- *Increase in Bitcoin's value*: the price of Bitcoin serves as a reference for other cryptocurrencies
- *Growth in the number of active entities*: an increase in active addresses within a network may indicate growth in adoption
- *Risk sentiment*: the recovery in the cryptocurrency market may be driven by the strength observed in U.S. stocks
