Crypto Price Today: Bitcoin, Ethereum, Solana, Avalanche gain up to 9%

economictimes.indiatimes.com:

Bitcoin was able to hold above the $20,000 mark, whereas other altcoins also posted strong gains. Bad news over the economic recession, geopolitical worries and industry turbulence have plagued the new-age asset class and hit them sharply, leading to severe wealth erosion.

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Barring the USD Coin, all crypto tokens were trading with gains on Tuesday. Solana zoomed 9 per cent, whereas Avalanche and Polkadot gained 8 per cent and 7 per cent, respectively. Ethereum, Bitcoin, BNB and Cardano gained up to 5 per cent. The global cryptocurrency market cap was trading at the $902.98 billion mark, rising more than 3 per cent in the last 24 hours. However, the total cryptocurrency trading volume plunged about 9 per cent to $71.71 billion.What's cooking in IndiaThe bear market is exposing fissures in crypto bubble, especially in the collapse of the DeFi ecosystem. Indian investors, who had put their money into the platform, have no option but to make peace with their losses. Founders, venture capitalists, and retail investors are all readjusting to the new reality. The collapse of Terra’s blockchain native token Luna, which reportedly erased $40 billion from the crypto market, has had a cascading effect.Expert takeBitcoin, Ethereum and most cryptos showed up in the green as bulls might have bought the weekend dips. Bitcoin continued to rally for another consecutive day after recapturing $20,000 on Monday, said Edul Patel, Co-Founder & CEO, Mudrex. «Despite the gains, BTC is down by nearly 22% over the past seven days. So sellers are in control of the market. If the