Major virtual assets are edging up, albeit slightly, after plunging on U.S. financial instability.
According to CoinMarketCap, a global virtual asset market tracker, as of 8:20 a.m. on the 20th, Bitcoin stood at $108,905 per coin. It was down 5.2% from a week earlier but up 1.7% from 24 hours earlier.
Around the same time, Ethereum rose 3.01% over 24 hours to top $4,000. Over the same period, BNB rose 2.22% to $1,116.09, XRP rose 1.53% to $2.39, and Solana rose 0.86% to $188.86.
However, outlooks are mixed on whether virtual asset prices will rise going forward. Earlier, John Glover, chief investment officer (CIO) at Ledn, who gained prominence for accurately predicting the virtual asset market, said Bitcoin has entered a bear market and could fall to $70,000–$80,000.