Top cryptocurrency prices today: Cardano, Solana, Bitcoin, Shiba Inu drop up to 5%

economictimes.indiatimes.com:

Investors have been cautious following the Terra-Luna and UST fiasco, which wiped out more than $30 billion from investors' pockets. Further, investors are waiting on the sidelines, eyeing an end to the rate hike cycle before lapping up assets from the digital market. Barring the US dollar-pegged stablecoins, all the tokens were trading lower on Tuesday. Cardano and Polkadot tumbled 5 per cent each, whereas Avalanche, Solana and Shiba Inu dropped 3 per cent each.

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The global cryptocurrency market cap was trading lower at the $1.29 trillion mark, falling more than a per cent in the last 24 hours. However, the total cryptocurrency trading volume rose more than 9 per cent to $85.80 billion.What's cooking in IndiaCryptocurrencies can lead to the 'dollarization' of a part of the economy, which could be against the country's sovereign interest, top officials of the Reserve

, the country's central bank, told a parliamentary committee on finance. One of the world’s top global cryptocurrency exchanges, Bitmex, is launching spot trading in India on Tuesday, despite the bloodbath in the crypto market and an unfavourable regulatory environment, a top executive told ET.Expert takeEdul Patel, co-founder & CEO of Mudrex said even though Bitcoin stabilized a bit over the weekend, it again dipped below the $30,000 level. «Since Bitcoin does not appear to be oversold, it could keep short-term buyers active in the market. Cryptos are struggling amid a rising inflation environment. The coming