Stellar (XLM) Skyrockets 16% in Epic Price Rebound: Details
The post Stellar (XLM) Skyrockets 16% in Epic Price Rebound: Details appeared on BitcoinEthereumNews.com.
Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Stellar (XLM) has recently experienced a significant price rebound; Over the past 24 hours, XLM has surged by an impressive 16%, marking a notable recovery in its market performance. The price rebound comes as a breath of fresh air after the Stellar price dipped in the last two days, plunging as much as 16% in yesterday’s trading session to reach a low of $0.414. XLM/USD Daily Chart, Courtesy: TradingView The 16% price increase has had a significant impact on Stellar’s market capitalization, which now stands at nearly $4.25 billion. This surge has propelled Stellar higher in the cryptocurrency rankings, now ranking as the 13th largest cryptocurrency by market valuation and flipping Shiba Inu to 15th place. Related Stellar’s gain coincides with a broader recovery of the cryptocurrency market, with Bitcoin retesting the $94,000 level after falling to lows of $90,742. The cryptocurrency market advanced as investors analyzed the latest Federal Reserve meeting minutes and key economic data is due this week. In a summary released on Tuesday, the Fed stated in its minutes that future interest rate decreases were probable, although they may occur “gradually.” The minutes were connected to the Federal Reserve’s most recent policy meeting earlier this month, when it cut its benchmark lending rate by a quarter point from 4.50% to 4.75%. XLM…
Filed under: News - @ November 28, 2024 2:19 am