The Crypto Report: Cryptocurrencies edge higher as investors eye ECB's monetary policy decision

Cryptocurrencies moved higher, mirroring wider markets, with traders eagerly awaiting the European Central Banks’ (ECB) monetary policy decision.

Bitcoin increased 2.89% to US$41,265, clawing back some of the almost 6% losses suffered earlier in the week. The largest coin by market value had briefly dipped below the key resistance level of US$40,000 yesterday.

Ethereum was up 1.64% to US$3,106, reaching its highest level since the start of the week.

Some of the other movers include Solana, which was up 2.24% to US$106,48, Terra, which climbed 3.12% to US$88.64 and Avalanche, rising 4.5% to US$80.96.
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