ביטקאָין, עטהערעום שפרינג 5% ווי קריפּטאָ מאַרקעט ריבאַונדז

די פּרייסיז פון ביטקאָין (בטק) און עטהערעום (ETH) saw a 5% jump over the last day, giving investors renewed hopes for a much-anticipated market recovery after a ברוטאַל פאַרקויפן-אַוועק אין מאי.

Currently, Bitcoin is changing hands at $31,289, up 5.2% over the day, according to data provided by קאָונמאַרקעטקאַפּ.

The leading cryptocurrency last traded at these levels on June 1, when it entered a downward correction that dragged the price of BTC from above $32,000 below $30,000 for the most part of the weekend.

Despite the latest spike, Bitcoin is still down more than 34% since the start of the year, with the מורא & גריד אינדעקס—a combination of variables measuring market sentiment—currently standing at 13, which corresponds to “extreme fear.”

Ethereum follows the pattern

The price of Ethereum has meanwhile just hit an intraday high of $1,889, as it went up almost 6%, per קאָונמאַרקעטקאַפּ.

The second-largest cryptocurrency still faces a massive uphill battle to recover from the losses since the start of the year when it traded above $3,800.

Ethereum’s lackluster price action is compounded by a massive sell-off in the דעפי space. Over the last month, investors withdrew more than $40 billion from ETH-based apps, shrinking the total value locked (TVL) from over $113 billion on May 5 to $71.04 billion as of today, according to data from דעפי לאַמאַ.

Elsewhere, major layer 1-networks קאַרדינאָ (ADA) און סאָלאַנאַ (SOL) both posted double-digit gains over the past 24 hours as their tokens rallied 13% and 11.4%, respectively.

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