2023-03-17 13:33:32 ET
Today's price action in the cryptocurrency market has been notable, especially when investors compare these digital assets to stocks. The divergence between these two asset classes has been building, with the crypto market seeing gains of 4.5% over the past 24 hours, while most major stock indices have declined around 1% in early-afternoon trading.
Leading the way in today's crypto rally are Chainlink (CRYPTO: LINK) , Polkadot (CRYPTO: DOT) , and Fantom (CRYPTO: FTM) . As of 12:30 p.m. ET, these three tokens have surged 6.4%, 4.8%, and 9.9%, respectively, over the past 24 hours.
Many of today's moves with these three tokens appear to be driven by increasingly bullish sentiment building among crypto investors. A number of bankrupt firms have seen their holdings increase in value over the past day, providing reprieve from expectations that contagion fears could continue to bleed into crypto valuations.
For further details see:
Why Chainlink, Polkadot, and Fantom Are Moving Higher Today