Top cryptocurrency prices today: Bitcoin, Ethereum, Terra, Solana rally up to 6%

economictimes.indiatimes.com:

Bitcoin and other major altcoins were trading with decent gains on Wednesday. Sentiments for digital tokens have turned positive lately. Last week, crypto funds suffered outflows for the second straight week, with some $97 million of redemptions, possibly due to Bitcoin becoming increasingly interest-rate sensitive. Barring the dollar-pegged USD Coin and XRP, all other crypto tokens were trading higher on Wednesday. Solana zoomed over 6 per cent, whereas Terra jumped over 4 per cent. Avalanche surged 3 per cent. The global cryptocurrency market cap was trading higher at $1.92 trillion mark, jumped about 2 per cent in the last 24 hours. However, the total cryptocurrency trading volume zoomed about 17 per cent to $79.69 billion.

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DeFi is enabling developers to create new financial products like decentralised banking, decentralised money markets and decentralised asset management firms

What's cooking in India?India has pitched for a global framework to regulate crypto currencies identifying their use in money laundering and terror financing as the biggest risks for all countries. flippy, a new-age social crypto discovery platform, has announced the launch of its mobile app in India. The company has raised US $1.15 million in its seed round led by Redstart Labs, a wholly owned subsidiary of InfoEdge, and key investors.Expert's takeNewsmaker of the day is LUNA which saw the biggest 24-hour jump since it hit an all-time high a couple of weeks ago. LUNA's surge may lead to an upward trend in the altcoin space, said Bommi Hua, Head of Marketing at Coinstore. «The crypto market is expected to remain volatile due to various macroeconomic factors surrounding the global financial markets,» he