Crypto Price Today Live: Ethereum, Polygon, Solana, Avalanche gain up to 12%

economictimes.indiatimes.com:

crypto market was back in the green on Friday, with the largest token — Bitcoin — reclaiming the $23,000 levels. Going ahead, it is the US Fed action that will decide the path for this new-age asset class. The Fed is scheduled to meet next week, with the market expecting a 75 basis point rate hike. All the top crypto tokens were trading higher during early hours on Friday. Polygon zoomed 12 per cent, whereas Avalanche and Solana gained 8 per cent. Ethereum and BNB added 5 per cent each.

Did you Know?

The Shiba Inu team launched a burn portal to help address the issue of the massive supply of SHIB tokens As of June 29, 2022, more than 400 trillion tokens have been burned to cap supply

The global cryptocurrency market cap was trading higher at the $1.06 trillion mark, rising more than 3 per cent in the last 24 hours. However, the total cryptocurrency trading volume plunged over 24 per cent, close to $73.18 billion.What's cooking in IndiaCrypto as a means of payment is a logical extension of fintech companies but challenges lie in its usage as an asset class and an alternative to currency, Minister of State for Electronics and IT Rajeev Chandrasekhar said. Speaking on the sidelines of the Fintech Festival, Chandrasekhar said the whole world is grappling with the issue of crypto and has to come to an understanding on the ways and means to address it.Expert takeIn the past 24 hours, the crypto market was a bit silent as investors and traders digested the recent gains. Despite the slight drop, Bitcoin has been trading above $23,000, said Edul Patel, CEO and co-founder of Mudrex. «If bulls can make a move, one can expect BTC to trade at the $24,000 mark soon,» he added. «The second largest