New Delhi: Despite volatility among riskier asset classes, crypto tokens were able to reverse the previous day’s losses. Recent volatility is due to factors like inflation, the Ukraine crisis and the tightening of the monetary policies.

Barring the dollar-pegged Tether, all major crypto tokens were trading higher during the early hours on Tuesday. Dogecoin zoomed 20 per cent. Terra rallied 8 per cent, whereas Ethereum was up by 5 per cent.

Bitcoin and Ethereum recovered back in the past 24 hours. Seems like the short-term Bitcoin buyers have returned around the support level, said Edul Patel, CEO and Co-founder of Mudrex.



“At the same time, most cryptocurrencies have also gained decently, stabilizing after dipping. We could see range-bound trading in the coming few days,” he added.

The global cryptocurrency market cap was trading at $1.86 trillion, up over 3 per cent in the last 24 hours. However, the total cryptocurrency trading volume zoomed about 43 per cent to $97.88 billion.

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Source: https://economictimes.indiatimes.com/markets/cryptocurrency/top-cryptocurrency-prices-today-dogecoin-ethereum-terra-rally-up-to-20-bitcoin-above-40500/articleshow/91089081.cms

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