Cryptocurrency prices, including altcoins like HBAR, XLM, ALGO, and ONDO, stabilized after a crash in the market on Friday. Bitcoin's bounce above $85,000 after options expired brought a sense of calm to the market. The US stock market also rallied, which often has a correlation with cryptocurrency prices. Speculation suggests that the SEC's friendlier approach to the crypto industry could lead to approval of spot crypto ETFs, potentially boosting prices. Other factors contributing to the altcoins' rally may include investors buying the dip and a potential dead cat bounce. Technical analysis suggests potential resistance and support levels for each coin. Bitcoin was trading at $84,536 at the time of writing, down from its all-time high.
Content Editor ( crypto.news )
- 2025-03-02
Hedera, Stellar, Algorand, Ondo prices rise as Bitcoin hovers above $84k
