Tezos News Today – a close look at the Tezos daily chart shows that XTZ/USD has performed positively and become today’s highest performing crypto. It is the best performer in the top ten and overall. The price of Tezos has added nearly 10% to its value. The digital asset is currently changing hands at $2.65 per coin.

Tezos leads the market today in terms of daily gains posted. While Tezos price has impressed in the last 24-hours, top guns like Bitcoin have failed to perform well since the market decline began only days ago. Let us see how these events unfolded and how Tezos staged a slight recovery.

Crypto Prices Yesterday Plummeted After Stock Crash and Oil Price Drop

Yesterday wasn’t one of the good days for the crypto market. The digital currency market yesterday, suffered a brutal hit. This occurred after a stock market crash. Followed by a decline in oil prices. These drops in the global economy come as a result of fears of a recession and the ongoing coronavirus outbreak.

The Wuhan-linked virus has hit the economy hard. However, after that episode on March 10, today, March 11, the markets are beginning to show a slight recovery. One of the tokens that recovered somewhat is Tezos. Tezos which is currently the number 10 largest crypto by market cap, is now up by 10% on the day.

The Price of Tezos is Currently Changing Hands at the $2.65 Area

This report is good news for Tezos (XTZ) holders. Although, it might not be great news for the holders of other crypto offerings like BTC. Even that we must point out that the price of XTZ was trading at $3 a week ago. Hence, the gains are a mere shadow of the past high for XTZ. Still, the digital asset is faring better than the bulk of the market today.

While, the price of Bitcoin has dropped to $7,900 per coin, and is struggling to break the $8,000 resistance position, Tezos has already posted 10% gains. Meanwhile, Ethereum is trading at $200 per coin. The number 2 coin is currently up by 3%. Whatever the case is, this report is good news for the digital asset market because it seems the tide was turning for the worse on March 10.

The same can also be said about traditional markets. Stocks and oil prices have started showing signs of life. After suffering a 2,000 points drop yesterday, the Dow jumped back by 500 points. Meanwhile, oil is now trading above $34 which is a little above the $27 low of yesterday.