Lately correlated nearly 1:1 with broader equity markets , cryptocurrencies were ahead 3.2% after nearly a week of declines that saw bitcoin (BTC) fall to as low as $24,000. At current press time, the largest crypto is selling for $30,300. Ether (ETH) added 2.2% in the past 24 hours to trade above $2,000, with similar gains for Avalanche’s AVAX, BNB Chain’s BNB, and Dogecoin.
Originally Posted on: https://www.coindesk.com/markets/2022/05/17/bitcoin-ether-hover-above-support-amid-china-optimism-us-futures-bump/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
By: Shaurya Malwa