Top cryptocurrency prices today: Solana, Shiba Inu, Dogecoin rally up to 11%; Bitcoin drops marginally
Barring Bitcoin, Terra and the dollar-pegged US Coin, the other crypto tokens were trading higher. Solana piped Terra to become the 8th largest crypto asset, thanks to an 11 per cent rise in the token. Avalanche jumped 8 per cent. The global cryptocurrency market cap inched up to $2.16 trillion, adding over a per cent in the last 24 hours. Total cryptocurrency trading volume tumbled as much as 5 per cent to 112.25 billion.
Presented ByDid you Know?
India's top fashion designers including Manish Malhotra, Raghavendra Rathore, Anamika Khanna and Pankaj & Nidhi
View Details »Expert TakeBitcoin hits breakeven for the first time in 2022, driven by a broader asset rally as well as continued buying pressure by the Luna Foundation Guard, said CoinDCX. «This bullish market sentiment has pushed the fear and greed index back to neutral territory. But with this week marking the end of Q1 2022, it pays to be mindful of the volatility that typically occurs around this period,» it added. Market experts believe that the strong buying interest from individuals and institutions is likely to sustain from a longer-run perspective, with a rise in the number of public crypto funds moving higher.Global updates
Hackers stole cryptocurrency worth over $600 million from a digital ledger used by players of the popular online game Axie Infinity, in a major digital cash heist. Bitcoin remains on the hunt for a move above the 200-day average as Luna Foundation Guard, a non-profit organization focused on UST, resumed buying the largest cryptocurrency after taking a break. LayerZero, a startup addressing the problem of interoperability between blockchains, has raised $135 million at a $1 billion valuation in a round co-led by Andreessen Horowitz Read more on economictimes.indiatimes.com
