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More From Thursday’s Bear Market Relief; BTC Above $20k, Others See Green

Cryptocurrency Jun 24, 2022 11:00AM ET
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© Reuters. More From Thursday’s Bear Market Relief; BTC Above $20k, Others See Green

    • Cryptos see some gains following Thursday’s slight stabilization.
    • BTC is currently trading at $20,907.24 after reaching a high of $21,266.39 over the last 24 hours.
    • A few altcoins benefitted from the positive sentiment and surged throughout the day.

The little stabilization that Thursday brought to the crypto markets has not only brought some relief to investors but has also provided them with some gains.

One of these investors is Michael van de Poppe. On June 19, van de Poppe updated his followers on Twitter (NYSE:TWTR) about his long positions in certain cryptocurrencies. He stated that “the AVAX, MATIC, and ETH longs are underwater. ADA is in profit.”

He then took to Twitter again today with a much more optimistic update about his positions. Van de Poppe was able to lock in a $19,000 profit with MATIC as the token is currently up by 18.71% in 24 hours. MATIC also saw a price increase of almost 50% over the last week.

Van de Poppe was able to pocket over $25,000 for his position on AVAX, which, at the moment, is worth $19.28 after reaching a high of $19.82 over the last 24 hours. Over the last day, the crypto is up by 11.29%. Meanwhile, AVAX is up by 17.66% in the last seven days.

AVAX’s market cap currently stands at $5,431,201,614, with a 24-hour trading volume of about $611,084,663. This number is up by about 42.40% over the last day.

According to CoinMarketCap, Cardano (ADA) is currently worth $0.4926 after a price increase of 5.76% over the last 24 hours. ADA is, however, still down 0.21% over the past week.

Van de Poppe added that “the total amount of longs reached around $900k.”

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CQ. No information in this article should be interpreted as investment advice. CQ encourages all users to do their own research before investing in cryptocurrencies.

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More From Thursday’s Bear Market Relief; BTC Above $20k, Others See Green
 

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