Recovery in the cryptocurrency market
Recent days and weeks have certainly improved the mood of cryptocurrency and Bitcoin enthusiasts. Most of the leading cryptocurrency and token projects have risen from their lows. The charts are glowing green which is very pleasing to any investor’s eye after a year or so of bess and stagnation. Some are rising a bit faster others a bit slower however, this is certainly a good sign for the market as a whole. On a weekly basis, the most of the major projects are gaining Solana 17-19%, depending on the portal on which we check the data. In second place in terms of growth is ChainLink with an increase of 11.5-12%. The XRP token, on the other hand, is growing by about 5.5-7%. Bitcoin itself is gaining 1-2.5% in value.
There are many indications that the “winter” in the crypto market is slowly coming to an end. Central Banks around the world are stopping raising interest rates or lowering them. All due to gradually falling inflation. This could mean that “spring” is on the doorstep and a return to slow price increases in the cryptocurrency markets. Of course, this is by no means investment advice. It is certainly worth watching the market in the days and weeks ahead because it could bring quite a few interesting developments. On the horizon was the topic of ETFs for Bitcoin and halving what would usually be associated with increases.