Top cryptocurrency prices today: Bitcoin, Ethereum, Avalanche, Cardano rally up to 14%

economictimes.indiatimes.com:

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.

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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.What's cooking in IndiaThe Centre is planning a fresh consultation paper on cryptocurrency soon, though a law on the digital assets is likely to take more time, secretary of economic affairs Ajay Seth has said. Speaking about cryptocurrency, Seth on Monday told reporters, «Our consultation paper is fairly ready. We have gone into a deep dive into this.» He did not mention when it is likely to be put out. Sources said that it can be expected in August.Expert's takeBitcoin broke its consolidation by trading above $31,000 in the past 24 hours. Bitcoin revived a bit after a long bearish trend, said Edul Patel, CEO and Co-founder of Mudrex. «On the other hand, Ethereum’s transaction fees are at one-year low, which might help regain its price. The selling price decreases a bit as buyers return to the market,» he added. The recent selling pressure has eased up and Bitcoin has topped the $31,000 mark with volume almost doubling in the last 24 hours. This shows the renewed interest in the digital asset market, said Kunal Jagdale,