Alternative currencies also recovered, with Ether, the second-largest cryptocurrency after Bitcoin, trading at around $3,433.03. The price of Ripple rose to $2.3400. Solana's price increased to $160.308. The stablecoin Tether, pegged to the dollar, fell to trade at $1.0008. Binance Coin, associated with the Binance exchange, jumped to $955.59. Cardano's price rose to $0.5376. Bitcoin's price also recovered on Thursday, with the world's largest cryptocurrency trading at around $103,905 following a recent decline driven by increasing risk aversion.
Cryptocurrency Recovery: Bitcoin and Ether Surge After Decline
Major cryptocurrencies, including Bitcoin and Ether, are rebounding after a recent decline. Ether's price reached $3,433, and Bitcoin is trading around $103,905. Prices for Ripple, Solana, and Cardano also increased. The stablecoin Tether slightly decreased in value.