Today there was a recovery in the market and we saw strong increases in the prices of some currencies and people started asking: Is the market really recovering?

Despite the increases that occurred in some currencies, the market as a whole is still not stable, and there are still major fluctuations.

Bitcoin $BTC Bitcoin price reached $94,638, but it decreased slightly by 0.51% compared to the previous close.

Ethereum ETH Ethereum achieved a strong increase of 4.24%, which made it reach $3,414.87.

Binance Coin BNB also saw a huge increase of 6.51%, reaching $690.89.

Ripple XRP Ripple rose by 2.27%, which brought it to $2.25.

ADA Cardano recorded an increase of 4.38%, reaching a price of $0.922

Explanations

Despite recent gains, Bitcoin lost about 7% during the week ending December 23, 2024. This means that the market is still very volatile.

As for Ethereum and Binance Coin, both witnessed significant price increases, which reflects the huge disparity in the performance of currencies within the market.

Although some cryptocurrencies such as Ethereum and Binance Coin have performed well this period, the market is still full of fluctuations. This is of course just an analysis and opinion, not financial advice 😊👻

#bullmarket #MarketRebound $ADA $XRP