Strong price increases on the crypto market

The crypto market recovered well at the end of the week. The total market value rose six percent compared to yesterday to US$2.2 trillion. The Bitcoin price rose six percent on a daily basis and is again just above US$60,000. Ethereum is up nearly ten percent, putting Ethereum at around $2,600.

Of the ten largest cryptocurrencies by market value, Ethereum records the largest increase. In addition, Dogecoin is up 5 percent, BNB is up 5 percent and Cardano is up 4 percent. The biggest riser among the 100 largest cryptocurrencies is Sui, with a plus of more than 30 percent. This almost made up for the losses from the beginning of the week.

On Monday, the crypto market was hit by a "Flash Crash," with Bitcoin temporarily dropping US$10,000.