All of the top-10 digital tokens were trading in green during the trade on Monday except Terra
Cryptocurrency Prices Today: Barring Terra, all other nine out of the top-10 digital tokens were trading with decent gains. Check latest prices
- Last Updated:February 07, 2022, 10:17 IST
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The cryptocurrency market was trading higher on Monday, with tokens associated with gaming witnessing a strong rise. That said, the recent rebound in prices of Bitcoin and Ethereum have turned investors cautious. The global crypto market cap dropped almost 2 per cent to $1.94 trillion. However, the total crypto market volume dropped more than 9 per cent to $65.01 billion.
Barring Terra, all other nine out of the top-10 digital tokens were trading with decent gains. Meme tokens like Dogecoin jumped more than 7 per cent while its peer Shiba Inu rallied 26 per cent.
In the last 24 hours, Bitcoin has increased 3.10 per cent to $42,804.48, while Ethereum is down by 2.26 per cent. The second-largest crypto is trading at around $3,080.29.
Edul Patel, chief and co-founder, Mudrex, said: Bitcoin’s price hit its highest in the past two weeks, returning to the winning streak again. BTC is currently trading above US$41,000, marking a 27% rise from its lowest at US$32,950 on January 24 This year, market sentiment has been dominated by the rate hikes from major central banks, as pressure mounts for policy moves to combat inflation. The correlation between crypto and asset prices has continued to go hand in hand over the past week.”
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