Cryptocurrencies Continue Upward Trend Amid Declining Oil Prices

Major cryptocurrencies have continued their upward trend over the past 24 hours. Bitcoin rose by 1.20% to reach $81,424.57, according to the CoinMarketCap platform.

Ethereum and other prominent assets also recorded gains: Ethereum increased by 2.98% to $2,662.61, BNB gained 3.88% to $777.31, Zcash climbed 4.28% to $1,516.08, and Monero rose by a stronger 8.96% to $575.54.

The rise in the cryptocurrency market is seen as a continuation of the recovery that began on Friday, September 18, when Bitcoin gained 5.9% to reach $81,000 amid declining oil prices and easing inflation concerns.