The cryptocurrency market, which started the week with a decline, rebounded in the early hours of the day. The leading cryptocurrency Bitcoin (BTC) rose to levels of $29,600 in the early hours of the day. On the other hand, Ethereum (ETH), which showed relatively lower price performance compared to BTC, started trading at $1,850 with a 1% increase in value.
Crypto Market on the Rise
The cryptocurrency market, after starting the week with a decline, turned its direction back up in the early hours of the day. The leading cryptocurrency Bitcoin (BTC) rose to $29,600 during the day, recording an increase in value of about 2% in the last 24 hours.
Most cryptocurrencies in the market have recorded value increases in various proportions since BTC started the day with a rise. The total market value of the crypto industry reached $1.18 trillion, according to CoinMarketCap (CMC) data.
On the other hand, Ethereum (ETH) showed relatively lower price performance compared to the leading cryptocurrency BTC, despite recording an increase in value of over 1% in the early hours of the day.
Ethereum (ETH) Approaches Critical Resistance Levels
The hack of the decentralized finance (DeFi) protocol Curve Finance and the seizure of millions of dollars’ worth of crypto assets from the protocol caused striking decreases in the TVL amount of Curve Finance and the entire DeFi ecosystem. The decreases recorded in TVL amounts after the hack of Curve Finance had a negative impact on ETH price performance.
Within the last 24 hours, Ethereum (ETH) recorded an average increase in value of about 1%, showing lower price performance compared to BTC, which recorded a rise of about 2%. ETH reached the price levels of $1,870 during the day, approaching the $1,900 resistance level significantly, but started trading at $1,850 at the time of writing.
