Top cryptocurrency Prices Today: Bitcoin, Ethereum, Solana, Avalanche drop up to 5%

economictimes.indiatimes.com:

Terra collapse in the entire investment ecosystem. However, a brief relief bounce is expected in the market after every dip.Cryptos dropped despite the rise in stocks in Monday trading. Markets are still spooked by the rising inflation and looming recession. Majority of the crypto tokens were trading lower on Tuesday. BNB and Tron were the only two players rising, whereas Bitcoin and Ethereum were among the top losers. Avalanche and Solana dropped 5 per cent each.

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The global cryptocurrency market cap was trading higher at the $1.26 trillion mark, dropping as much as 2 per cent in the last 24 hours. However, the total cryptocurrency trading volume surged about 35 per cent to $83.81 billion. What's cooking India Rohit Jain, the head of the recently launched CoinDCX Ventures, is swamped with pitch decks from aspiring crypto entrepreneurs even as the chorus of a long and harsh crypto winter grows stronger by the day. Unfazed by a severe crypto market crash, the imposition of a high income tax rate by the Indian government, a massive dip in trading volumes, the collapse of a popular token and continuing global uncertainty around digital asset regulation, Indian entrepreneurs have continued launching scores of new crypto ventures supported by strong angel funding. Expert take Bitcoin is seeing bearish consolidation since early April, and it has been trading in a tight range for the past few weeks. It is currently trading at $29,200 which is the lowest since January 2021, Edul Patel, CEO and Co-founder, Mudrex. «Bitcoin is likely to break below the current level