In brief – Zcash rose 8.5% in 24 hours to $1,215.85, the best performer among the largest tokens. – Total crypto market cap climbed 1.68% to $2.78 trillion, while the Fear & Greed Index sits at a neutral 51. – Oil near $110 a barrel and Treasury yields above 5% remain the main…
reat to the rebound. Crypto markets bounced on Tuesday, and Zcash led the rebound
The privacy coin rose 8.5% in 24 hours to $1,215.85, lifting its market capitalization to $20.57 billion. Bitcoin gained 1.57% to $83,195, and Ethereum climbed 2.90% to $2,463.35. Nearly every major crypto asset that isn’t a stablecoin finished the day higher.
The broader market followed. Total crypto market capitalization rose 1.68% to $2.78 trillion, and the CMC20 index, which tracks the 20 largest cryptocurrencies, gained 1.45% to $169.87 per unit, meaning the samller caps played a more relevant role in today’s surge. This was also expected after days of heavy losses, especially among the coins with the largest market capitalizations and most trading volume.