Bitcoin recovered to above $40,000, gaining back some ground after dropping for seven straight sessions.
Shiba Inu and three other tokens, Solana’s SOL, Polygon’s Matic and Compound’s COMP, were all listed for the first time on Robinhood Markets Inc.’s platform.
Other cryptocurrencies like Avalanche, Cardano, Solana, Terra, XRP, Polkadot were also trading with gains in the range of 2-6% over the last 24 hours.
Bitcoin and the broader crypto market have struggled in recent weeks as the Federal Reserve began hiking rates to combat stubbornly high inflation and geopolitical turmoil hurt risk appetite.