The cryptocurrency market saw a slight recovery today, with the global market capitalization gaining 0.08% to $854.54 billion during this publication. Meanwhile, the past 24hrs had the cryptocurrency market volume at $35.30 billion, indicating a 7.14% decline.
Meantime, the world’s leading digital coins, Bitcoin and Ethereum, noted slight gains of 0.13% & 0.14% to $17,033 and $1,263, respectively. The assets that contributed to the broad market gains today included Axie Infinity (AXS), Ripple (XRP), and ApeCoin (APE), soaring 2.36%, 1.11%, and 2.80%M respectively.
XRP changed hands at $0.387387 today, with its 24hr trading volume at 778,911,873. The remittance token’s current $19,470,244,435 market cap ranks it #7 (Coinmarketcap data). Moreover, XRP boasts a 100,000,000,000 maximum token supply.
Meanwhile, XRP noted rallies in the past as crypto enthusiasts considered a win over the Ripple vs. SEC lawsuit. Moreover, the lack of new updates from the case has left the remittance token in a defensive mode.
Axie Infinity (AXS)
Axie Infinity trades at $8.96 following a 2.36% upsurge. Its daily trading volume stands at $475,718,975. Meanwhile, AXS’ $901,393,581 market cap ranks it at #48 on Coinmarketcap. AXS enjoys a 270,000,000 maximum supply. AXS gained approximately 29% within the past seven days.
Today’s session sees ApeCoin changing hands at $4.09, with a $195,629,612 24hr trading volume. ApeCoin gained 2.80% over the past 24 hours. Meanwhile, it ranks $32, with a $1,476,054,067 live market cap. ApeCoin has a 1,000,000,000 maximum supply.
Optimistic News from Crypto Market
Media reports indicated that Goldman Sachs plans to spend massively acquiring cryptocurrency firms after FTX’s crash deteriorated valuation and investor sentiment. Remember, Goldman Sachs has invested in eleven crypto firms that offer blockchain management, cryptocurrency data, and compliance services.
Leading U.S Indices Closed in Red on Tuesday
Leading United States indices ended Tuesday in red. For instance, the S&P 500 plummeted for a 4th successive session over the past day, losing 1.44% to 3,941.26 pts. Also, Dow Jones and Nasdaq Composite dropped 1.03% and 2% to 33,596 and 11,014, respectively.
Meantime, recession fears continue to hurt broad market sentiment, while market participants expect relaxation in the Federal’s hike pace during next week’s meeting.