Top cryptocurrency prices today: Cardano, Solana, Bitcoin, Avalanche zoom up to 19%

economictimes.indiatimes.com:

The crypto tokens were badly hammered last week amid geopolitical unrest, rising inflation rates and the explosive failure of Terra (LUAN) which hurt the sentiments. Tokens in the last few sessions, however, scripted mild recovery from recent lows. All the tokens in the top 15 list were trading higher on Monday. Cardano rallied about 14 per cent, followed by a 12 per cent rise in Solana. Avalanche zoomed 7 per cent and BNB advanced 5 per cent.

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The global cryptocurrency market cap was trading sharply higher at the $1.31 trillion mark, rising close to 3 per cent in the last 24 hours. However, the total cryptocurrency trading volume dropped about 10 per cent to $78.40 billion.What's cooking in IndiaMost investors have seen their portfolios sink deep into the red as the carnage continues in the crypto market due to a confluence of factors including inflation, rising interest rates, the Ukraine-Russia conflict, volatility in stable coins, and the recent crash of the Terra ecosystem. Indian retail investors are not the only ones weathering the impact of the breakdown of Terra, a blockchain that ran “algorithmic” stable coins Luna and UST. Indian venture capital firms that had exposure to the Terra ecosystem have also taken a hit amid a broader crash in the cryptocurrency market.Expert take As the price of BTC fell below $30,000, Bitcoin whales thought of this as a buying opportunity and bought around $1.2 billion worth of Bitcoins, said WazirX Trade Desk. «About $1.2 billion worth of Bitcoins