NEWS ZAP
Bitcoin, Ethereum Rebound as Reports Suggest COVID-19 Variant Is 'Mild'
The two leading cryptocurrencies are up 4.4% and 5.4%, respectively. The entire market capitalization for the crypto industry is up 4.2% at press time, totalling $2.72 trillion. This figure is still roughly $300 billion shy of the industry’s all-time high.
The top movers on the day remain buzzy metaverse tokens, including The Sandbox (SAND) and Gala (GALA). SAND is currently up 15.5% and GALA is up 13.7% over the past 24 hours.
This morning’s surge comes after a bearish close on Friday after reports of a new COVID-19 variant emerged. Bitcoin and Ethereum both dropped by 6.5% and 8.1%, respectively.
