New Delhi: The crypto market rebounded on Monday even as sentiments remained wobbly. However, if further optimism prevails, investors fear it may lead to a further meltdown in the new-age asset class.
Bitcoin breached $20,000 level whereas Ethereum held above $1,000. The major cryptos have wiped off the gains they incurred in the last five years.
Barring the stablecoins, all of the crypto tokens were trading with gains on Monday. Dogecoin zoomed about 13 per cent, whereas Ethereum was trading 12 per cent up. Bitcoin, Solana, Avavalance and Shiba Inu gained 6-8 per cent each.
Did you Know?
Fan tokens or sports crypto are digital assets that enable sports teams, leagues, clubs, associations and players to strengthen fan engagement.
The global cryptocurrency market cap moved up to the $885.71 billion mark, rising more than 7 per cent in the last 24 hours. However, the total cryptocurrency trading volume plunged about 11 per cent to $79.09 billion.
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