After an abysmal start to the week, the crypto market finally gained stability on Tuesday. The day witnessed Bitcoin, Ethereum, and other top cryptos gaining back some of their lost value.
While BTC and ETH registered an approximate growth of 2.5%, TON managed to gain 6.47% value on Tuesday. Names like Neiro Ethereum and BlackCardCoin were also part of the quick market shift.
Let’s look at the daily crypto update with the latest market information to help traders navigate through the market.
Bitcoin
In the past 24 hours, Bitcoin has registered a growth of 2.59%. The crypto has crossed the 60k-dollar mark and is trading at 60,865 dollars.
Its weekly growth shows a 7.08% surge after massive market updates. Recently, Goldman Sachs shocked the market by disclosing 428 million dollars in Bitcoin ETFs. The news was enough to help BTC break through the ongoing market slump.
As of now, it is anticipated that the crypto will remain at a value of $60,000 for at least one week.
Ethereum
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Ethereum is following Bitcoin’s footsteps closely, gaining 2.46% value in the past 24 hours. For the first time in the week, it has surpassed the 2,500-dollar threshold.
The crypto is currently trading at 2,723 dollars, with a 7-day growth rate of 8.55%. Ethereum has not made any major developments in the market. However, its products are attracting investors amid market recovery.
Toncoin
After making a sudden 6.11% recovery on Tuesday, TON surprised the market. The coin is currently trading at 6.70 dollars, with a projected 7-day growth of 16.25%.
A major reason behind its surge is the launch of a new TON Ventures fund. Launched by Ex-TON Foundation executives, the 40 million-dollar venture fund is gaining traction across the market.
Neiro Ethereum
The emerging ETH-based meme token has lost 6.30% value in the past 24 hours. The coin has lost 13.56% value in the past week after gaining a whopping 1420% value in its first month.
NEIRO is currently trading at 0.2099 dollars and is anticipated to fluctuate throughout the month. However, traders can also avail of better-performing new coins, such as BlackCardCoin.
BlackCardCoin
On Tuesday, BCCOIN, or BlackCardCoin, made a remarkable jump of 77.19%. The coin has finally crossed the 2-dollar mark and is currently trading at 2.83 dollars.
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It has lost 51% of its value in the past month alone, despite its 7-day growth of 170%. The coin is merely riding on market forces since it has not made any new developments in the industry.
The crypto market is undergoing rapid changes as projects develop, while the global financial market is in turmoil. However, cryptos like Bitcoin, Ethereum, and others have repeatedly proven their capability to go against the norm. Thus, traders can rely on these names after conducting research to make a profit in the current market condition.
