Crypto markets are showing signs of recovery as Bitcoin (BTC) holds above $66,000. Ondo and Gram (formerly Toncoin) have led gains over the last 24 hours.
The price of BTC has increased by 2% in the previous day, reclaiming its 50-day Exponential Moving Average (EMA) at $65,150. This technical indicator suggests that momentum conditions support a bid for Bitcoin.
Ondo has surged 12% after enabling traders to use tokenized stocks as collateral on Tuesday, adding nearly $600 million in tokenized stock market capitalization in the last six months.
The launch of a native non-custodial Gram wallet by its founder Pavel Durov has contributed to Gram's gains. The RSI for Ondo and Gram suggest strong buying pressure, but also indicate that they are not yet overbought.