{"id":38737,"date":"2022-06-06T11:26:27","date_gmt":"2022-06-06T11:26:27","guid":{"rendered":"https:\/\/harchi90.com\/bitcoin-ethereum-jump-5-as-crypto-market-rebounds\/"},"modified":"2022-06-06T11:26:27","modified_gmt":"2022-06-06T11:26:27","slug":"bitcoin-ethereum-jump-5-as-crypto-market-rebounds","status":"publish","type":"post","link":"https:\/\/harchi90.com\/bitcoin-ethereum-jump-5-as-crypto-market-rebounds\/","title":{"rendered":"Bitcoin, Ethereum Jump 5% as Crypto Market Rebounds"},"content":{"rendered":"<div style=\"background-color:transparent;background-size:20% 100%;background-repeat:repeat-x;background-image:linear-gradient(to right, rgba(0, 0, 0, 0.04) 1px, transparent 1px);background-position:0%;border-right:1px solid rgba(0, 0, 0, 0.04);position:relative;overflow:visible;font-size:1.2em;line-height:1.58;text-align:left\">\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\">The prices of <span class=\"link\">Bitcoin<\/span> (BTC) and <span class=\"link\">Ethereum<\/span> (ETH) saw a 5% jump over the last day, giving investors renewed hopes for a much-anticipated market recovery after a brutal sell-off in May.<\/p>\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\">Currently, Bitcoin is changing hands at $ 31,289, up 5.2% over the day, according to data provided by CoinMarketCap.<\/p>\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\">The leading cryptocurrency last traded at these levels on June 1, when it entered a downward correction that dragged the price of BTC from above $ 32,000 below $ 30,000 for the most part of the weekend.<\/p>\n<p><!-- --><\/p>\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\">Despite the latest spike, Bitcoin is still down more than 34% since the start of the year, with the Fear &#038; Greed Index \u2014 a combination of variables measuring market sentiment \u2014 currently standing at 13, which corresponds to &#8220;extreme fear.&#8221;<\/p>\n<h2 style=\"margin-top:2em;text-align:left;padding-bottom:16px;margin-bottom:16px;border-bottom:1px solid #dfe2e4\" color=\"#333\" class=\"sc-e93b592e-2 dtmzta\">Ethereum follows the pattern<\/h2>\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\">The price of Ethereum has meanwhile just hit an intraday high of $ 1,889, as it went up almost 6%, per CoinMarketCap.<\/p>\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\">The second-largest cryptocurrency still faces a massive uphill battle to recover from the losses since the start of the year when it traded above $ 3,800.<\/p>\n<p><!-- --><\/p>\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\">Ethereum&#8217;s lackluster price action is compounded by a massive sell-off in the <span class=\"link\">DeFi<\/span> space.  Over the last month, investors withdrew more than $ 40 billion from ETH-based apps, shrinking the total value locked (TVL) from over $ 113 billion on May 5 to $ 71.04 billion as of today, according to data from DeFi Llama.<\/p>\n<p class=\"font-meta-serif-pro font-normal text-lg sm:text-xl sm:leading-9 tracking-px text-body\">Elsewhere, major layer 1-networks <span class=\"link\">Cardano<\/span> (ADA) and <span class=\"link\">Solana<\/span> (SOL) both posted double-digit gains over the past 24 hours as their tokens rallied 13% and 11.4%, respectively.<\/p>\n<div class=\"my-4 border-b border-decryptGridline\">\n<article class=\"p-5 bg-neutral-50 border-y border-neutral-200 bg-decryptBackgroundColor\">\n<h3 class=\"font-ak-bold text-xl leading-none text-neutral-800\">Want to be a crypto expert?  Get the best of Decrypt straight to your inbox.<\/h3>\n<div class=\"flex items-center md:space-x-4 my-6\">\n<div class=\"overflow-hidden md:w-20 w-0 h-16 relative shrink-0\">\n<div class=\"relative -left-5 -top-9 w-36 h-28 md:block hidden\"><span style=\"box-sizing:border-box;display:block;overflow:hidden;width:initial;height:initial;background:none;opacity:1;border:0;margin:0;padding:0;position:absolute;top:0;left:0;bottom:0;right:0\"><noscript><img sizes=\"100vw\" srcset=\"https:\/\/cdn.decrypt.co\/resize\/600\/wp-content\/themes\/decrypt-media\/assets\/images\/newsletter-adunit-vector.png 600w, https:\/\/cdn.decrypt.co\/resize\/640\/wp-content\/themes\/decrypt-media\/assets\/images\/newsletter-adunit-vector.png 640w, https:\/\/cdn.decrypt.co\/resize\/768\/wp-content\/themes\/decrypt-media\/assets\/images\/newsletter-adunit-vector.png 768w, https:\/\/cdn.decrypt.co\/resize\/950\/wp-content\/themes\/decrypt-media\/assets\/images\/newsletter-adunit-vector.png 950w, https:\/\/cdn.decrypt.co\/resize\/1024\/wp-content\/themes\/decrypt-media\/assets\/images\/newsletter-adunit-vector.png 1024w, https:\/\/cdn.decrypt.co\/resize\/1200\/wp-content\/themes\/decrypt-media\/assets\/images\/newsletter-adunit-vector.png 1200w, https:\/\/cdn.decrypt.co\/resize\/1280\/wp-content\/themes\/decrypt-media\/assets\/images\/newsletter-adunit-vector.png 1280w, https:\/\/i0.wp.com\/cdn.decrypt.co\/resize\/1536\/wp-content\/themes\/decrypt-media\/assets\/images\/newsletter-adunit-vector.png?ssl=1 1536w\" src=\"https:\/\/i0.wp.com\/cdn.decrypt.co\/resize\/1536\/wp-content\/themes\/decrypt-media\/assets\/images\/newsletter-adunit-vector.png?ssl=1\" decoding=\"async\" data-nimg=\"fill\" style=\"position:absolute;top:0;left:0;bottom:0;right:0;box-sizing:border-box;padding:0;border:none;margin:auto;display:block;width:0;height:0;min-width:100%;max-width:100%;min-height:100%;max-height:100%;object-fit:cover;object-position:left center\" class=\"object-cover absolute inset-0 box-border p-0 border-0 m-auto block w-0 h-0 min-w-full max-w-full min-h-full max-h-full\" loading=\"lazy\" data-recalc-dims=\"1\"\/><\/noscript><\/span><\/div>\n<\/div>\n<p>Get the biggest crypto news stories + weekly roundups and more!<\/p>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The prices of Bitcoin (BTC) and Ethereum (ETH) saw a 5% jump over the last day, giving investors renewed hopes for a much-anticipated market recovery after a brutal sell-off in May. Currently, Bitcoin is changing hands at $ 31,289, up 5.2% over the day, according to data provided by CoinMarketCap. The leading cryptocurrency last traded &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/harchi90.com\/bitcoin-ethereum-jump-5-as-crypto-market-rebounds\/\"> <span class=\"screen-reader-text\">Bitcoin, Ethereum Jump 5% as Crypto Market Rebounds<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","spay_email":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[8],"tags":[],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"fifu_image_url":"https:\/\/cdn.decrypt.co\/resize\/1024\/height\/512\/wp-content\/uploads\/2020\/04\/shutterstock_6621196571-gID_5.jpg","_links":{"self":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/38737"}],"collection":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/comments?post=38737"}],"version-history":[{"count":0,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/posts\/38737\/revisions"}],"wp:attachment":[{"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/media?parent=38737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/categories?post=38737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/harchi90.com\/wp-json\/wp\/v2\/tags?post=38737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}