Bitcoin and Ethereum Bounce Back After Yesterday’s Decline

Bitcoin and Ethereum Bounce Back After Yesterday’s Decline

The surge in investor activity in the crypto market at the beginning of the week has turned out to be short-lived. The largest digital currency fell again below $42,000 and pulled almost all the major altcoins with it.

Today’s trading in Asia took place mainly in the green area, which had a positive effect on the positions of BTC.

Major stock indicators Japan’s Nikkei 225, Hong Kong’s Hang Seng, China’s CHOMP and Korea’s KOSPI rose about 0.5% on Thursday. The European market is also growing, the composite index Euro Stoxx 50 added 0.3%.

Capital is returning to technology stocks, and cryptocurrencies have also been able to attract investment.

The Bitcoin price has strengthened to $43,050. During the Asian trading session, the asset soared to $43,230, but then experienced a correction. Ether (ETH) rose to $3,035, whereas Cardano (ADA) is showing explosive growth today. Over the past day, its price has soared by more than 15.3% to $1.12.

Terra (LUNA), Solana (SOL) and Avalanche (AVAX) rose to $94.76, $96.91 and $85.24 respectively. The capitalization of the crypto market has exceeded $1.96 trillion.