Top cryptocurrency prices today: Bitcoin, Ethereum, Solana, Avalanche gain up to 5%
economictimes.indiatimes.comDespite the recovery, major crypto tokens failed to break past the key psychological levels. The crypto market is still in the bear phase, with no end in sight, said experts. All the tokens were trading with decent gains. Avalanche surged 5 per cent, whereas Solana rallied 4 per cent. Ethereum and Bitcoin gained 3 per cent and 2 per cent, respectively.
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View Details »The global cryptocurrency market cap was trading higher at the $1.29 trillion mark, jumping more than 2 per cent in the last 24 hours. However, the total cryptocurrency trading volume rallied more than 28 per cent to $62.13 billion.Expert takeThe Chinese govt had banned all crypto operations in China in mid of 2021. This resulted in a 50 per cent drop in hash rate, which led to miners migrating to different countries such as Kazakhstan and US, said WazirX Trade Desk. «Data indicates that some of the miners are still operational which means that the operations have gone underground. Mining hash rate in top three countries is — United States at 37.84 per cent, China at 21.11 per cent, and Kazakhstan at 13.22 per cent.» According to a core developer, the transition to proof-of-stake is scheduled to be completed in August. He also stated that the merging is complete and that they are currently in the testing phase.Global updates
In the two weeks since Terra's US dollar-pegged stablecoin terraUSD (UST) lost its peg, causing massive investor losses, billions of dollars have been taken out of the ecosystem. Former BitMEX CEO Arthur Hayes was sentenced to two years of probation, with home detention for six months and Read more on economictimes.indiatimes.com
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