Reading time: ~2m
Asian stock markets stabilized on Tuesday, May 17. Some business indicators were able to recoup their losses. The positive trend was supported by European investors.
Despite the recent release of weak economic data from China, capital was generally supported by the technology sector.
Europe’s Euro Stoxx 600 composite index strengthened 0.1% this morning. The technology and construction sectors were able to rebound from last week’s decline. Nevertheless, it is too early to talk about a dramatic change in the trend.
Most likely, the trades will be held in a narrow range in the coming days. The largest digital currencies have shown a similar trajectory since the beginning of the week. Bitcoin (BTC) and ether (ETH) strengthened by more than 2% to $30,499 and $2081, respectively.
The Terraform Labs team promised the day before to compensate investors affected by the LUNA and UST token crash. This statement also played a positive role.
XRP, Cardano (ADA) and Solana (SOL) bounced about 3% to $0.4301, $0.578 and $56.03. Crypto market capitalization rose to $1.305 trillion during today’s European session.
#Bitcoin #strengthens #global #stock #market #improves