New Delhi: After a strong rebound seen over the weekend, the cryptocurrency market extended gains into the new week. However, market analysts are anticipating the weak movement to continue in the digital market.
Barring the stablecoin USD Coin, all crypto tokens were trading sharply higher on Monday. Avalanche zoomed more than 13 per cent, whereas Cardano and Shina Inu posted double-digit gains. Polkadot and Solana advanced 9 per cent each.
The global cryptocurrency market cap was trading higher at the $1.26 trillion mark, jumping more than 5 per cent in the last 24 hours. However, the total cryptocurrency trading volume zoomed over 8 per cent to $55.27 billion.
Did you Know?
Asia’s first crypto exchange-traded fund (ETF) could be launched in India’s GIFT City this year by Torus Kling Blockchain
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