Wall Street rebounded on Monday, recovering part of last week's steep losses as investors grew more confident about risk assets amid encouraging signs from Washington that the record-long government shutdown may soon conclude.
According to a report by The Wall Street Journal, the platform is going to go live next week with Monad as the first blockchain project that will get listed.
The apex cryptocurrency gained 4.3% to $106,267.45 at the time of writing, according to CoinMarketCap data, while Ethereum rose 5.6% to $3,604.13 and XRP slipped over 8.5% to $2.48.
President Donald Trump reiterated his support for the cryptocurrency industry on Wednesday, adding that the asset class takes significant pressure off the dollar.
Wall Street bounced back Wednesday after Tuesday's sharp selloff in AI-driven stocks, as investors bought the dip amid solid corporate earnings and growing signs that the Federal Reserve may be nearing another interest rate cut.
Risk appetite cooled on Tuesday as investors interpreted the latest batch of corporate earnings as solid but not spectacular, offering a convenient excuse to take profits after strong year-to-date rallies.
