New Delhi: Crypto tokens were trading higher on Tuesday, with Bitcoin reclaiming the $20,000 mark, its major support and psychological level.
Bitcoin fell below $20,000 on Sunday as part of a wider cryptocurrency-market retreat, amid concern about the Federal Reserve's rate-hike path, Reuters reported.
Fed Chair Jerome Powell's speech at the Jackson Hole conference spooked the traders across the world of all riskier asset classes. Despite the recovery, the total market cap of the crypto space remained below the $1 trillion mark.
The global cryptocurrency market cap was trading higher at the $980.62 billion mark, rising more than 3 per cent in the last 24 hours. However, the total trading volume dropped about 20 per cent to $64.88 billion.
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