Ethereum, Solana, Avalanche Post Significant Gains as Crypto Markets Rebound

Ethereum, Solana and Avalanche

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Categories: Cryptocurrency

Ethereum, Solana,Avalanche Post Significant Gains as Crypto Markets Rebound

 

The opinions expressed here are not investment advice - it isprovided for informational purposes only. It does not necessarily reflect theopinion of YouTube. Every investment and all trading involves risk, so youshould always do your own research before making a decision. We do notrecommend investing money that you cannot afford to lose.

 

The cryptocurrency market is presently tradinghigher. According to CoinMarketCap data, the overall marketcapitalization was up 6.34% at $937 billion. Bitcoin, the largest cryptocurrencyin terms of market value, is up 6% to briefly trade above the $21,000 level onJuly 15.

 

Ethereum, the secondbiggest cryptocurrency,surged nearly 14% to trade at $1,228 at the time of publication. Ethereum"killers" Solana and Avalanche were posting gains of 12.36% and 10%,respectively. In the last 24 hours, Polygon's MATIC, Uniswap and AAVE were in thelead, posting gains of 11.10%, 11.65% and 17.10%, respectively.

 

Cryptocurrencies rose asinvestors felt relieved following remarks from Federal Reserve officialsdismissing the possibility that the U.S. economy could enter a recession as a result ofthe central bank's rapid rate hike schedule.

 

As the network continues to test its impending switch from aproof-of-work to a proof-of-stake consensus model, Ethereum's ninth shadow forkwent live. The shadow fork advances efforts toward upgrading the Ethereummainnet later this year. The third and last testnet merge, Goerli,is anticipated to take place the following month. 

Ethereum, Solana, Avalanche Post Significant Gains as Crypto Markets Rebound — CoinDesk. Ethereum is up by more than 3% while Bitcoin is still down 7%. The U.S. economy is in an all-time high and the crypto markets, including Bitcoin and Ethereum are up from where they have been before this current recovery.

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