Top cryptocurrency prices today: Bitcoin, Ethereum, Terra, XRP rally up to 14% – Economic Times
New Delhi: Bitcoin and other major altcoins were trading steady on Tuesday, after selloff a day earlier. The price action looked pretty tame and major crypto tokens remained rangebound. Barring the dollar-pegged stablecoins and Dogecoin, all other crypto tokens were trading higher on Tuesday.
Terra topped the gainers with a 14 per cent rise, followed by Bitcoin, Ethereum and XRP, which rallied…….
New Delhi: Bitcoin and other major altcoins were trading steady on Tuesday, after selloff a day earlier. The price action looked pretty tame and major crypto tokens remained rangebound. Barring the dollar-pegged stablecoins and Dogecoin, all other crypto tokens were trading higher on Tuesday.
Terra topped the gainers with a 14 per cent rise, followed by Bitcoin, Ethereum and XRP, which rallied about 2 per cent each.
The global cryptocurrency market cap was trading higher at the $1.89 trillion mark, jumping about 2 per cent in the last 24 hours. The total cryptocurrency trading volume zoomed about 60 per cent to $96.13 billion.
Bitcoin’s 50 per cent drop from November’s record high is nothing new and the correction is within historical norms, Morgan Stanley said in a research note entitled “State of the Bear Market.”
What’s cooking in India?
Crypto trading exchange CoinDCX has raised $135.9 million from investors led by Pantera Capital and Steadview Capital, doubling its valuation to $2.15 billion in less than a year to become the most valued crypto trading platform in India.
Expert’s take
The overall market has experienced a significant downturn since early April, with most bounces being short-lived. Some traders believe as US tax selling comes to a close more buyers will enter the market, said OKX Insights team.
“Sellers remain in steady control,” it added. “Waves token closed March with a huge surge to break all-time highs, only to give up most of the move in recent weeks.”
Global updates
The fast-growing popularity of the TerraUSD stablecoin comes with some risk because of its dependence on algorithms to hold its dollar peg.
Several US government organizations jointly warned on Monday of the threat posed by cryptocurrency thefts and tactics used by the North Korean state-sponsored group known as Lazarus Group.
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