Cryptocurrencies generally rose a day later Bitcoin It fell below $60,000 for the first time since early May, leading to a broad sell-off in crypto assets.
Bitcoin rose more than 3% to $61,741.78 on Tuesday, according to Coin Metrics. The move coincided with a rebound for Nvidia and the Nasdaq Composite, which both suffered their worst days since April in the previous session.
The Economist, Cryptocurrency is the Macro Now newsletter. “Cryptocurrencies were hit yesterday by some risk asset jitters.”
Solana However, the cryptocurrency market leader on Tuesday. Shares rose 8% after the Solana Foundation announced an update that will allow users to share on-chain operations Shareable links around the internet. Tokens associated with Chainlink, which provides data on the Solana network, rose 7%.
Coins related to other Ethereum rivals were generally higher. Cardano’s ADA is up more than 6%, Polkadot is up 5% and Binance Coin is up 3%.
“Today’s news from Solana is exciting. Over 1 billion people can now easily access and use SOL. This idea is positive for both altcoins and their ecosystems, and traders flocking to other altcoins may Bet this momentum will carry over to the broader DeFi and Web3 markets.
However, he added, “I doubt we’ll see any real impact from this news for some time and my money is on us returning to the market moves we saw earlier this week.”
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