Top cryptocurrency prices today: Bitcoin, Terra, Solana gain; Cardano drops 7%

economictimes.indiatimes.com:

Crypto prices remained sluggish on Wednesday as Fed's hawkish stance and economic woes continued to spook crypto investors. Barring Bitcoin, Terra and Solana, all other seven out of top-10 digital tokens were trading lower during the early trade. Cardano dropped 6 per cent, thanks to the profit booking in the counter. Bitcoin was holding above the $42,000 mark although Ethereum slipped below $3,200 levels. The global crypto market cap dropped about a per cent lower to $2 trillion compared to the last day. The total crypto market volumes were flat, almost unchanged at $77.46 billion.

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As Bitcoin heads into 2022, a growing cohort of long-term investors is doubling down on its stashes of the cryptocurrency, hoping a December dip was merely a blip.What's cooking in IndiaIndian cryptocurrency exchanges are weighing updates to their self-regulatory code of conduct to avoid run-ins with regulators. IAMAI and BACC did not respond to ET's queries seeking comment. The move comes amid heightened scrutiny of the sector from regulatory bodies, including the income tax department, enforcement directorate, and others.Expert views BTC continues to trade sideways as other altcoins from the likes of BNB, ADA, and XRP trad in the red, CoinDCX Research Team. «In the lead up to the House Energy and Commerce Committee’s hearing on the energy use in cryptocurrency and blockchain, we may expect the crypto market to face greater uphill battles,» it added. Global updates