Bitcoin and other major altcoins were trading steady on Tuesday, after selloff a day earlier. The price action looked pretty tame and major crypto tokens remained rangebound. Barring the dollar-pegged stablecoins and Dogecoin, all other crypto tokens were trading higher on Tuesday. Terra topped the gainers with a 14 per cent rise, followed by Bitcoin, Ethereum and XRP, which rallied about 2 per cent each. The global cryptocurrency market cap was trading higher at the $1.89 trillion mark, jumping about 2 per cent in the last 24 hours. The total cryptocurrency trading volume zoomed about 60 per cent to $96.13 billion.
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View Details »Bitcoin's 50 per cent drop from November's record high is nothing new and the correction is within historical norms, Morgan Stanley said in a research note entitled “State of the Bear Market.”What's cooking in India?Crypto trading exchange CoinDCX has raised $135.9 million from investors led by Pantera Capital and Steadview Capital, doubling its valuation to $2.15 billion in less than a year to become the most valued crypto trading platform in India.Expert's takeThe overall market has experienced a significant downturn since early April, with most bounces being short-lived. Some traders believe as US tax selling comes to a close more buyers will enter the market, said OKX Insights team. «Sellers remain in steady control,» it added. «Waves token closed March with a huge surge to break all-time highs, only to give up most of the move in recent weeks.»Global updatesThe fast-growing popularity of the TerraUSD
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