Terra faces a difficult, uncertain path forward following its recent implosion. Bitcoin rises in weekend trading and holds $30K support, but cryptos remain in a bear market. thesamreynolds and JPRubin23 report
Bitcoin, ether and most other major cryptos improved a little over the weekend.
BTC was recently trading at approximately $30,370, a roughly 3.3% rise from its ending point Friday. Ether, the second largest crypto by market cap, was up similarly over the same period and holding just over $2,000 – its perch for much of the past few weeks. AVAX was among the big winners, recently rising more than 8%. SOL and TRX were both up over 5%.
Investors alarmed by central banking missteps to tame inflation, the ongoing economic fall-out from Russia's unprovoked invasion of Ukraine and the increasing likelihood of recession have veered away from riskier assets, including digital currencies and stocks since last fall.
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