Cryptocurrency price today Financial News

All of the top digital tokens were trading higher in early trade on Tuesday, led by NFTs and DeFi tokens. Solana and Avalanche rose 11 per cent each. The global crypto market cap jumped as much as 5 per cent to hit the $1.95 trillion mark. Furthermore, the total crypto market volume rallied about 16 per cent to $72.23 billion.

Barring meme tokens like Shiba Inu and Dogecoin, all other top digital tokens were trading with cuts in early trade on Monday. Dogecoin and Shiba Inu jumped marginally, whereas XRP and Solana dropped up to 5 per cent. While Bitcoin’s price has meandered the last few days, the largest cryptocurrency by market value has staged a modest under-the-radar recovery from its wintertime swoon.

cryptocurrency market was trading lower on Friday, thanks to the sharp selloff in the US markets over inflation concerns and hawkish tone of US Fed. Barring the dollar pegged USD Coin and Avalanche, all eight out of the top-10 digital tokens were trading lower on Friday. Shina Inu, Solana and Terra dropped 6 per cent each. The global crypto market cap dropped more than 3 per cent to $2.01 trillion mark. On the other hand, the total crypto market volume zoomed 50 per cent to $114.22 billion.

cryptocurrency market was trading higher on Tuesday on the back of strong volumes. Short term holders have made decent gains lately as the largest crypto token has zoomed more than 12 per cent since Friday. In the broader cryptocurrency market, prices of most tokens also rallied. Altcoins have outperformed behemoths over past trading sessions. Barring the dollar-pegged USD Coin, all other nine out of the top-10 digital tokens were trading with decent gains on Tuesday. Bitcoin rose to a four-week high, climbing for consecutive sessions lately, driven in part by the liquidation of some short positions that have accumulated in the virtual currency's recent three-month downtrend.

cryptocurrency market was back in the red on Monday, thanks to profit-booking following weekend gains. Trading volumes sank significantly on account of the holiday week in Asian markets. Bitcoin, along with other tokens, moved little over the weekend with light trading volume, as the majority of the markets in Asia headed to the weeklong Lunar New Year holiday. All of the top-10 digital tokens were trading lower during the trade on Monday. Terra dropped more than 10 per cent while XRP and Solana shed 5 per cent each.

cryptocurrency market staged a quick recovery on Friday as traders saw some value at lower levels. Hawkish comments from US Federal Reserve Chairman Jerome Powell spooked the traders a day before. The central bank will raise interest rates more than four times this year. Barring the US dollar-pegged Tether, Dogecoin and Terra, all other seven out of top-10 digital tokens were trading higher during the trade. Bitcoin jumped 3 per cent and BNB 6 per cent.

Mumbai: Indian cryptocurrency exchanges have recorded higher trading volumes in the past few days owing to extreme volatility in the market, as many traders and investors liquidated some of the riskier tokens, rebalanced their portfolios by moving to stable coins and also indulged in opportunistic buying to average down their portfolios. During and after the weekend crash, ET spoke to multiple exchanges to gauge the trading volumes — most recorded higher transaction levels, but a few witnessed a dip too. «We have seen volumes increase by around 15%,» said Avinash Shekhar, co-CEO, ZebPay. A CEO of a top exchange said on condition of anonymity, «We saw a sharp decline in trading volumes during the weekend as most investors were trying to figure out the reasons and consequences of the current dip in crypto.»

crypto, in which case a winter is worse. The chilling term refers to a sharp slump, followed by a drop-off in trading and months of market doldrums — a phenomenon that memorably befell the crypto market in 2018. Bitcoin’s price plunged by more than 80% to as low as $3,100 from the end of 2017 through December of the following year, a period characterized by the boom-and-bust of initial coin offerings and several big banks shelving their plans to start cryptocurrency trading desks. Bitcoin wouldn’t reach a new high until December 2020, according to data compiled by Bloomberg. Memories of 2018 are sparking fears that a repeat is playing out now after the world’s largest cryptocurrency plummeted 50% from its most recent high of almost $69,000 in November. The crypto universe has shed more than $1 trillion in market value on growing conviction that the Federal Reserve is set to start ratcheting back the ultra-accommodative policy settings that fueled a boom in risk assets. The pullback has hit all corners of the crypto ecosystem, from Bitcoin to memecoins and publicly listed crypto exchanges. While the collapse has been rattling enough on its own, it has spawned an even bigger concern that the pain may persist for many months, according to UBS.

Barring stablecoins, all other altcoins in the top 10 digital tokens were trading higher at 8.30 am IST. Polkadot zoomed 9 per cent to race past Avalanche to become the 10th largest cryptocurrency, whereas Terra jumped 5 per cent. The global crypto market cap jumped about 2 per cent to $2.40 trillion mark compared to the last day. However, the total crypto market volume increased over 2 per cent to $74.23 billion.

Barring Avalanche, all other nine out of 10 digital tokens were trading higher at 9.30 am IST. Terra zoomed 15 per cent, whereas Cardano rallied 10 per cent. Bitcoin rose 6 per cent on Friday. The global crypto market cap jumped about 5 per cent to $2.38 trillion mark compared to the last day. However, the total crypto market volume rallied over 14 per cent to $102.59 billion.

Cryptocurrency investors are doing the same — parking their money in small-cap cryptos and praying for a windfall. But experts say this could be risky. There are over 6,000 virtual currencies and tokens circulating around the world, and spotting a multi-bagger early on is near impossible, they say. Much like in the stock market, the world of cryptocurrencies also has large-, mid- and small-cap coins and tokens.

Barring the dollar-pegged Tether, all other nine out of the top 10 digital tokens were trading higher at 8.30 am IST. Avalanche zoomed 13 per cent, whereas Terra and XRP soared 11 per cent each. Bitcoin, the numero uno digital token, inched towards the $50,000 mark once again, whereas its peer behemoth Ethereum was holding above $4,000 levels.

Barring Polkadot and Tether, as many as eight out of the top 10 digital tokens were trading lower at 9.30 hours IST. Dogecoin zoomed 16 per cent following Musk's support. The global crypto market cap gained about 3 per cent to $2.19 trillion mark compared to the last day. However, the total crypto market volume rallied more than 7 per cent to $103.68 trillion.

The broad sell off in cryptocurrencies also saw ether, plunge more than 10 per cent.

Solana and Binance Coin shed 6 per cent, whereas Dogecoin and XRP tanked 5 per cent each. The global crypto market cap declined about 3 per cent to $2.57 trillion mark compared to the last day.

Barring the two stablecoins and Cardano, seven out of the top 10 cryptocurrencies were trading higher at 9.30 hours IST. However, the gains were marginal. The global crypto market cap jumped about 2 per cent to $2.87 trillion mark compared to the last day. However, the total crypto market volume tanked up to 8 per cent to $87.71 billion.

Bitcoin scaling new lifetime peaks. Other altcoins followed as investors' focus shifted to the digital spectrum over gold.

Six out of the top-10 cryptocurrencies were trading higher at 9.30 hours IST. Binance Coin and Solana witnessed profit booking whereas XRP gained 9 per cent. The global crypto market cap jumped about 4 per cent to $2.85 trillion. However, the total crypto market volume was almost flat to $97.46 billion.

Shiba Inu and Solana, seven out of the top 10 cryptocurrencies were trading lower at 9.30 hours IST. Shiba Inu soared 12 per cent, whereas Solana jumped 5 per cent.

Shiba Inu and the dollar-pegged Tether, eight out of the top 10 cryptocurrencies were trading lower at 9.30 hours IST. Shiba Inu eased about 4 per cent, whereas Polkadot zoomed 17 per cent.

BitcoinBTC currently trades around the $61,000 mark. The asset witnessed a slight correction after it hit its new all-time high of $66,999 last week when some profit booking was seen.