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Bitcoin Reclaims US$30,000, Ether Gains, Cardano Leads Winners
In the fast-paced world of cryptocurrencies, Bitcoin and Ether took center stage on Monday morning trading in Asia. Bitcoin, after some ups and downs, managed to reclaim the crucial US$30,000 support level, while Ether surged closer to the US$1,900 mark. Excitingly, other top 10 non-stablecoin cryptocurrencies also experienced gains, with Cardano’s ADA token leading the pack. Let’s dive into the details of this crypto rollercoaster and explore the potential factors shaping the market.
Bitcoin Rebounds Amid Volatility
Bitcoin, the world’s most popular cryptocurrency, experienced a 1.33% rise over the past 24 hours, settling at US$30,059 as of 07:30 a.m. in Hong Kong. However, the week leading up to this recovery had not been entirely favorable, as Bitcoin was still down by 0.37%. The fluctuating market conditions kept investors on edge as they eagerly awaited the upcoming Federal Reserve decision on interest rates.
Ether Surges Toward US$1,900
Ether, the native cryptocurrency of the Ethereum blockchain, showed strength as it gained 1.73% and reached US$1,887. Despite its recent climb, Ether remained in the red for the week with a 1.73% loss. Similar to Bitcoin, the fate of Ether hinged on the impending Federal Reserve…
