Today, the crypto market shows no signs of being in turmoil. Most cryptocurrencies managed to recover a bit from the volatile price correction experienced since this week. Jerome Powell's comments last week had the total market capitalization lost to the $1 trillion level and are now in the phase of reclaiming that figure. The Celsius Network's CEL token seems to be the main focus.
In the last 24 hours, the crypto market has been quite calm especially for Bitcoin. The cryptocurrency reclaimed the important $20K level, though not very convincingly. At the time of this writing, it is trading at around $20,020.58.
However, it will be worth watching further if BTC drops to $19,500 again. as it is an important support level with the cryptocurrency breaking down to that level several times.
On the other hand, for the ranking of the top 100 cryptocurrencies, the thing that gets the most attention is what the CEL cryptocurrency stands out for. The cryptocurrency surged by 28% over the past 24 hours in a relatively flat market.
Most of the altcoins registered a slight increase, recovering from the price correction that took place during the day. ETH is currently eyeing $1.6K after gaining 3.2% yesterday. ATOM is up over 8%, while other major coins like XRP, ADA, SOL, DOT and DLL are also up.
This has brought the total market capitalization above $1 trillion again. It has also helped boost the overall sentiment of the crypto market. The market remains watching the support level of BTC.
