Crypto Price Today: Bitcoin regains $20K; Solana & Polkadot gain up to 8%

economictimes.indiatimes.com:

Bitcoin topped the $20,000 mark, whereas Ethereum found some mojo back, the first time after the Merge. However, analysts believe that the recovery might be short-lived amid the macroeconomic turbulence and rising fears of recession. Thus, traders need to be cautious for the time being, they add. Barring the XRP and US dollar-pegged Tether, all top crypto tokens were trading sharply higher on Tuesday. Solana zoomed up to 8 per cent, whereas Bitcoin and Polkadot were up by 6 per cent each. The global cryptocurrency market cap was trading higher at $962.94 billion, gaining more than 4 per cent in the last 24 hours. However, the total trading volume zoomed almost 52 per cent, close to $81.16 billion.

Did you Know?

Jobs in crypto, blockchain, and NFTs have grown by 804% in India between April 2020 and April 2022 according to a report by Indeed

Expert TakeEdul Patel, CEO and co-founder, Mudrex said that Bitcoin and Ethereum rose in tandem with the equity markets. «Bitcoin buyers could seize the initiative above the $19,500 level by entering the market after digesting macroeconomic factors. The second largest cryptocurrency, Ethereum, regained its psychological support at $1,300.»Global Updates