(Outdated-rejected) Bitcoin, Ethereum, Solana And Other Crypto Prices Sees Mixed Relief Rally Following Monday Bloodbath

Today on Friday September 24, most cryptocurrencies are indicating good signs of recovery following the Monday crash, which wiped almost $200 million from the cryptocurrency market.

While Bitcoin has stabilized, the value of the flagship cryptocurrency has not recovered to its pre-Monday level of $47,000. At the time of writing at 11:51 EST (Eastern time), Bitcoin’s value is up by about 2% in the last 24 hours and currently trades at $44,985.54 per coin.

Ether, which is the second largest cryptocurrency and the coin linked to Ethereum blockchain, has surged its value to $3,102, up 1.27%.

According to CoinMarketCap, Cardano trading at $2.29 up 0.20%, Binance Coin standing at $375, down 2.00%, XRP reconsidering its position at $0.9847 down 2.60, Solana holding cards at $145 up 1.81%, Dogecoin trading at $0.2233 down 1.28%, and Polkadot reestablishing the neckline at $3.2.24 down 0.01%.

In general, the performance of top cryptocurrencies is showing signs of recovery, trying to stabilize their prices.

Experts say that the crypto crash that happened on Monday September 20 did not happen in a vacuum as stock markets also affected as well as China’s property market.

However, the cryptocurrency market is today signaling some encouraging records with

Bitcoin seems to be stabilizing following Twitter’s announcement that it is adding the ability to pay users with the crypto token in the platform.

Experts expect the crypto market to witness some pullback as the week comes towards the end.

Delphi Digital, a crypto research firm, recently stated: “Before the flash crash earlier this month, funding rates were pretty high, which tends to imply an influx of longs levering up. However, this time around, the market was not positioned as aggressively, leading to a slightly brighter outcome.”

Meanwhile, Katie Stockton, the founder and managing director of Fairlead Strategies, also recently said that Bitcoin’s uptrend remains intact over the long-term. “The long-term uptrend still has a hold on bitcoin, with our monthly indicators pointing higher, putting short-term volatility into a bullish context,” Stockton said.