Bitcoin and Ethereum Surge as Convex Finance Outperforms with a Flying Leap

  • Bitcoin price breaks out above USD 21000
  • Ethereum 9% hop, XRP surpasses USD 0.325
  • Convex Finance (CVX) 24% outmatch other cryptos

Bitcoin price extended the fresh recovery above the USD 20000 level and tested USD 20400. The uptrend shows positive signs of price staying above the USD 20000 resistance level. On Tuesday at 09:57 UTC, Bitcoin trades near USD 20000 – 4% up in 24 hours and a 4% dip in a week.

Widespread cryptos recovery is evident, with most altcoins settled in the green zone. Ethereum (ETH) sets the pace with a steady increase above 8% to break the USD 1150 resistance zone. While ETH realized USD 1165 earlier today, it has slightly slipped to oscillate near USD 1140. XRP is sustaining USD 0.322 price range, though 8% down in a week. BNB recovery outdoes the top ten crypto assets with a 6% gain to test USD 230.30 level, despite the 4% decline in seven days.

Cardano (ADA) and Dogecoin (DOGE) are 2% up in 24hrs and 7% down in a week while trading near USD 0.45 and USD 0.068, respectively. Solana (SOL) recovery stream is portrayed by the 6% gain in a day to consolidate above the USD 35 zone.

At press time, 10.07 UTC, the global crypto market capitalization is down 1.4% in a day to realize $870.2 billion.

While most crypto assets are within the green zone, it is worthwhile to mention that several altcoins have realized a 6% to 9% increase in a day, including Near Protocol (NEAR), FLOW, ApeCoin (APE), The Sandbox (SAND), Elrond (EGLD), KuCoin Token (KCS), Aave (AAVE), Quant (QNT), THORChain (RUNE), Celo (CELO), and Gnosis (GNO).

Convex Finance (CVX) outperforms other cryptos with a 24% increase. Other notable gains include Polygon (MATIC) 11%, Uniswap (UNI) 10%, Cosmos (ATOM) 11%, Basic Attention Token (BAT) 10%, Loopring (LRC) 10%, STEPN GMT 14%, and Enjin Coin (ENJ) 12%. TerraClassicUSD (USTC) is the worst-performing among the top 100 crypto assets as its price plummeted by 10%, perhaps driven by Terra ecosystem collapse and fraud allegations that entangle founder Do Kwon.

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