Tezos (XTZ), the tenth-largest cryptocurrency by market cap, has jumped more than 4% since this morning and is trading for just under $2.80 per token. 

Tezos
XTZ
-1.50%$0.5266
24H7D1M1YMAX
Created with Highcharts 10.3.3Jun 2912:00PMJun 3012:00PMJul 112:00PMJul 212:00PMJul 312:00PMJul 412:00PMJul 512:00PMJul 6$0.51$0.52$0.53$0.54$0.55$0.56$0.57
Price data by
XTZ price

Along with Ripple’s XRP, which today has gained more than 7%, Tezos is leading the industry’s top 10 coins by market capitalization in terms of daily gains.

XRP
XRP
+1.42%$2.216
24H7D1M1YMAX
Created with Highcharts 10.3.3Jun 2912:00PMJun 3012:00PMJul 112:00PMJul 212:00PMJul 312:00PMJul 412:00PMJul 512:00PMJul 6$2.15$2.175$2.2$2.225$2.25$2.275$2.3$2.325$2.35
Price data by
XRP price

Volatility has been high for Tezos as of late. Today’s price spike for XTZ reverses the losses incurred on Monday. At the time, Tezos fell by 6% and was trading for $2.63. It was the day’s biggest loser among the top 10.

Despite yesterday’s dip, however, Tezos has been on a steady incline since the Black Thursday crash that rocked the markets. The price of XTZ has now more than doubled since it crashed all the way down to $1.34 in mid-March.

The crypto as a whole appears to be enjoying some renewed enthusiasm. And the biggest recipient of that newfound optimism is Ripple’s XRP.

BitMEX is platform for trading Bitcoin. Image: Shutterstock.

How Black Thursday reshaped the Bitcoin futures market

Bitcoin’s precipitous price drop on Black Thursday dramatically shifted market share distribution in the Bitcoin futures landscape. A report today from the crypto research firm Coin Metrics confirms what Bitcoin market professionals had previously told Decrypt: The Bitcoin futures market has been fundamentally altered by one of the worst days in the history of global markets. A king dethroned Black Thursday was a defining blow in a fight for market share among crypto exchanges that began in 2019...

NewsCoins
5 min read
Colin Harper

The fourth-largest cryptocurrency by market cap, according to data from Messari, has today surged all the way back above the $0.20 per coin mark. Ripple had not reached this price since before the market crash in March.

Meanwhile, Ethereum is now inching closer to the $200 price point, trading at around $195 per coin, while Bitcoin, the market leader, is holding steady at $7,700.

Disclaimer

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

Daily Debrief Newsletter

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