Crypto Price Today Live: Bitcoin marches toward $20k; Polygon & Uniswap rally up to 7%

economictimes.indiatimes.com:

Crypto market went higher on Tuesday despite the cautious approach from investors over riskier assets. However, a number of analysts are counting the sessions when this surge will come to an end. Barring the US dollar-pegged stablecoins, all other crypto tokens were trading higher on Tuesday. Polygon zoomed 7%, whereas Uniswap rose over 4%. Solana and Ethereum also added up to 3%. The global cryptocurrency market cap was trading higher at $933.59 billion, rising up by almost 2 per cent in the last 24 hours. However, the total trading volume jumped as much as 31% to $50.53 billion. Expert Take Edul Patel, CEO and co-founder of Mudrex said that most cryptocurrencies started the week in thegreen after the market bounced back. It seems like Bitcoin has fixed above the $19,000 level, which indicates the rise of buyers in the market, he said.

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«ETH is still on a bearish trend as buyers are less in number compared to sellers. If the price of ETH continues to maintain the upward momentum, we might soon witness an influx of buying strength,» he added. The crypto market has entered a more mature and stable phase since the beginning of this month with Bitcoin finding strong support at the $19,000 level, said Tarusha Mittal, COO, and Cofounder, UniFarm. Bitcoin is being deployed as a reserve currency around the globe amidst falling global fiat currencies and has emerged as a preferred choice of investors to beat