Tezos leads market recovery as Bitcoin struggles past $8K

Tezos (XTZ) is today's highest performing cryptocurrency in the top ten, having added nearly 10 percent to its price and trading at roughly $2.65 per coin.

By Nicholas Marinoff

Mar 10, 2020

1 min read

Tezos. Image: Shutterstock

Tezos (XTZ) is today leading crypto’s top 10 coins by market cap in terms of daily gains.

The cryptocrypto market suffered a brutal hit yesterday following a stock market crash and plummeting oil prices. Today, it’s recovered somewhat—and Tezos, the tenth-largest cryptocurrency by market cap, is up by nearly 10 percent.

XTZ

-0.55%$0.6095

24H7D1M1YMAX

Price data by

XTZ price

XTZ is currently trading for around $2.65 per coin.

It’s good news for Tezos holders, but not great news—considering that XTZ was trading for more than $3 per coin just last week.

Still, the asset is today faring better than most. Bitcoin is currently trading for right around $7,900 per coin, struggling to break past the $8,000 resistance level. Ethereum, meanwhile, has cleared $200 per coin, and is currently up around 3 percent.

All in all, it’s good news for the crypto market, as the tide appears to be turning. The same can be said for traditional markets as well.

Stocks and oil are now showing signs of life. After falling more than 2,000 points yesterday, the Dow jumped back up by 500 today. Oil is now trading above $34 per barrel, up from a low of around $27 yesterday.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.

Recommended News

Bitcoin and Ethereum ETFs Add More Than $1 Billion Combined in a Single Day
Bitcoin and Ethereum exchange-traded funds on Thursday received over $1 billion in new investments, the highest combined inflows in five months, underscoring the accelerating appetite for crypto-focused products over the past two weeks. BlackRock's iShares Bitcoin Trust (IBIT) accounted for most of that total, generating $877 million in net inflows. That's the third-highest daily total for the fund, which has spearheaded the recent surge, according to data from U.K. asset manager Farside Investo...
NewsMarkets
3 min read
Mat Di SalvoMay 23, 2025
Create an account to save your articles.
Someone Launched a Solana Meme Coin From the Trump Crypto Dinner—It Flopped
An attendee of Thursday’s Trump crypto gala dinner launched a Solana meme coin via Pump.fun amid the president’s speech—posting evidence of the action in a Telegram group. The token failed to gain much traction, however, topping out at a market cap of $450,000 before it crashed and burned, with holders who apparently gambled on the token’s prospects labeling the deployer a “scammer” and calling for “jail time.” In a video posted in the meme coin’s Telegram group, the attendee can be seen recordi...
NewsMarkets
4 min read
Ryan S. GladwinMay 23, 2025
Create an account to save your articles.
Ethereum, XRP Drop as Altcoins Brace for New Trump Tariffs on EU, Apple
The price of various altcoins fell on Friday after U.S. President Donald Trump threatened to impose new tariffs on the European Union and Apple, the $3 trillion iPhone maker. Ethereum was recently changing hands around $2,550, a 4.1% decrease over the past day, according to crypto data provider CoinGecko. XRP and Dogecoin fell around 3.6% to $2.35 and $0.23, respectively, while Solana edged down 0.8% to $177. The EU, one of America’s largest trading partners, should face 50% tariffs on goods imp...
NewsMarkets
3 min read
André BeganskiMay 23, 2025
Create an account to save your articles.

Coin Prices