Top cryptocurrency prices today: Solana, Ethereum, Avalanche drops 7%; Dogecoin rises 7%

economictimes.indiatimes.com:

However, crypto trading has gained its mojo back with volumes holding around $100 billion level despite the cautious stance and economic uncertainty inflamed by the conflict between Russia and Ukraine. Barring Dogecoin and Terra, none of the altcoins were holding gains. The largest memecoin, Dogecoin, rallied 7 per cent, whereas Avalanche posted an equal fall. Ethereum, Solana and Cardano dropped 5 per cent each.

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The global cryptocurrency market cap dwindled to $2.09 trillion mark and is down more than 3 per cent in the last 24 hours. However, the total cryptocurrency trading volume advanced as much as 4 per cent to $111.16 billion. Cryptocurrency funds attracted inflows for the second straight week, with nearly all of the new investment going into European funds. Digital asset funds saw $180 million of net inflows in the seven days through April 1, according to a CoinShares report published Monday.What's cooking in India?Sushil Kumar Modi, a Rajya Sabha member and former deputy governor of Bihar, has been batting to push the crypto tax to 50 per cent from 30 per cent as he has compared crypto to gambling. Amid the rising popularity of crypto assets, sentiments of the Indian crypto community are likely to be dampened by such statements from the parliamentarians. On the other hand, India’s top legal experts say the crypto community would have a “fair chance” if they made a legal challenge to a 1 per cent tax deducted at source enshrined in a new crypto tax law.Expert takeBitcoin is experiencing a buying frenzy. Initially, it was Terra’s more than $1 billion bitcoin