Avalanche (AVAX) Gains 17%: Can It Reach $30 This Week?
The cryptocurrency market is showing signs of a recovery. Bitcoin (BTC) has reclaimed the $85,000 price point. The global crypto market cap has also risen to $2.78 trillion. Avalanche (AVAX) follows the current market uptrend. AVAX’s price has rallied 0.9% in the daily charts, 17.8% in the weekly charts, 6.3% in the 14-day charts, and 3.2% over the previous month. Despite the rally, the asset’s price is down 43.7% since mid-April 2024. Also Read: Amazon (AMZN): How Prime Could Send Shares Soaring in 2025? Source: CoinGecko Cryptocurrencies Gain Amid Tarrif Pause Source: Watcher Guru The cryptocurrency market resurgence came after President Trump announced a 90-day pause on tariffs, except for those on China. The move may have led to a boost in investor confidence. AVAX and other cryptocurrencies have seen substantial inflows after the rate pause announcement. Also Read: Intel Stock (INTC) Climbs Following Altera Sale Deal Avalanche’s (AVAX) latest rally also comes afte...