New Delhi: After nine weeks of decline, the crypto market recovered on Monday and extended its gains on Tuesday as well. Altcoins, too, posted some health gains, with some tokens rising in double digits.
However, it will be too early to conclude if the downtrend in the digital token market is over.
Barring Tron, a decentralized blockchain, all crypto tokens were trading sharply higher on Tuesday. Cardano zoomed more than 14 per cent, whereas Ethereum rose 6 per cent. Bitcoin, Avalanche and XRP gained 5 per cent each.
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
The global cryptocurrency market cap was trading higher at the $1.32 trillion mark, jumping as much as 5 per cent in the last 24 hours. However, the total cryptocurrency trading volume zoomed over 65 per cent to $91.07 billion.
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