Top cryptocurrency prices today: Dogecoin, Bitcoin, Ethereum zoom up to 7%

economictimes.indiatimes.com:

cryptocurrency market was attempting to stabilize following the recent wrath and ahead of the US Federal Reserve meeting outcome. However, the volumes remained thin despite the recent gains. The crypto market is closely observing the result of the US Federal Reserve’s two-day policy meeting later in the evening. The Fed is expected to hint at an interest rate hike in March to fight inflation. Barring the US dollar-pegged USD Coins, nine out of the top-10 digital tokens were trading higher during the trade on Wednesday. Bitcoin and Ethereum jumped 2 per cent each, whereas Solana and Dogecoin zoomed up to 7 per cent.

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The global crypto market cap gained more than 2 per cent to the $1.67 trillion mark. However, the total crypto market volume tanked over 33 per cent to $85.18 billion.What's cooking in India Indian cryptocurrency exchanges have recorded higher trading volumes in the past few days owing to extreme volatility in the market. Many traders and investors liquidated some of the riskier tokens and rebalanced their portfolios by moving to stable coins. They also indulged in opportunistic buying to average down their portfolios. Wealthy individuals and family offices that bought cryptocurrencies in the last two years have started transferring them to family trusts and wallets outside India as the country drags its feet over cryptocurrency regulations, according to tax advisors.Global updates The executive board of the International Monetary Fund recommended that El Salvador discontinue the use of bitcoin (BTC) as legal tender in the