Bitcoin and Ethereum are leading the recovery as this morning, Bitcoin soared up to a monthly high of $22,430. This has brought minor relief to a long lasting crash.
According to data from CoinMarketCap, BitCoin is still up 3.6% over the past 24 hours and 9% in the past seven days. Trading volumes have also risen 15% in the past day.
As for Ethereum, the current proof-of-work blockchain (hoping to be a proof-of-stake blockchain network in September), is outpacing Bitcoin with a 7.7% surge over the last 24-hours. After hitting a daily high of $1,486, ETH is now seeing the next psychological level of $1,500.
As the market rises back up, some notable benefactors include Polygon (MATIC) and Ethereum Classic (ETC) – both up 16% in the past 24 hours – and Avalanche which has seen a 9% price jump.
This jump back above $1 trillion is the first crypto has seen since June 13.