Top cryptocurrency prices today: Bitcoin, Ethereum slip; Cardano zooms 7%

economictimes.indiatimes.com:

Crypto prices dipped on Tuesday, following a national holiday in the US, and showed few signs of reversing any time soon. Barring Cardano, all other altcoins fell in tandem with the numero uno digital token.Bitcoin was holding above the $42,000 mark whereas Ethereum slipped below $3,200 levels. The trading volumes remained tepid during the early trade. Trading was light as investors looked for signs that Bitcoin's downward spiral has reached an endpoint. Barring Cardano and dollar-pegged Tether, all other eight out of top-10 digital tokens were trading lower during the early trade on Tuesday. Cardano zoomed over 7 per cent although Terra tanked over 10 per cent.

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The global crypto market cap was trading more than 2 per cent lower at $2.02 trillion compared to the last day. However, the total crypto market volumes jumped by 20 per cent to $77.26 billion.What's cooking in India Indian Prime Minister Narendra Modi called for global cooperation to tackle the challenges posed by cryptocurrencies at the 2022 World Economic Forum's annual Davos conference, where he spoke virtually. Modi said, «Cryptocurrency is an example of the kind of challenges we are facing as a global family with a changing global order. To fight this, every nation, every global agency needs to have collective and synchronized action.» The Center is unlikely to introduce the much-awaited cryptocurrency bill in the upcoming budget session of Parliament as it wants to hold more discussions and build consensus on the regulatory framework. The Indian government also wants to wait