Ethereum, Solana, and other cryptos recover but Bitcoin is still struggling

Dec 9, 2021 By: BI India Bureau Credit: Canva

Ethereum, Solana, Cardano

...And other leading cryptocurrencies are recovering after last week’s blood bath

…All, except for Bitcoin

The world's oldest cryptocurrency

Bitcoin is trading at $49,730

It’s still 11.4 percent in the red as compared to last week, and 1.2 percent down in the last 24 hours

Meanwhile, Ethereum is up by 1.77 percent since yesterday

Trading at $4,382 — still considerably away from its all-time-high of $4,859

Cardano and Solana are struggling too

Both are the in the green as compared to 24 hours ago, but in double-digit losses are compared to last week

Solana is trading at $189

...Still 15.5 percent lower than last week Credit: Canva

Meanwhile, Cardano is trading at $1.37

...10.7 percent lower than last week

Their peer, Polkadot, took an even bigger hit

DOT is trading at $28.85, down by 18% as compared to last week

Despite some recovery, the market sentiment is still edging towards ‘fear’

Not just crypto, but all global markets have been on edge for multiple reasons

The US Fed announced that inflation isn’t ‘transitory’ anymore

And, the Omicron COVID-19 variant has cast ‘lockdown’ fear for economies Credit: Canva

The only cryptocurrency in the top 10 with something to celebrate is Terra

Terra is building a global payments system with the stablecoin TerraUSD (UST) Credit: Canva

Terra’s token, Luna, is trading at $74.83

The cryptocurrency is up by 9.83 percent in the last 24 hours Credit: Canva

Terra surged to hit all-time-high of $77 on December 3 as others saw red

Disclaimer

These are the top cryptocurrencies by volume according to CoinMarketCap | Prices updated as of December 9, 9 am IST and may change over the course of the day Credit: Canva

Ethereum hits a new record while Shiba Inu crashes as rest of crypto market recovers