New Delhi: Major cryptocurrencies continued to gain on Tuesday with Bitcoin scaling new lifetime peaks. Other altcoins followed as investors’ focus shifted to the digital spectrum over gold.Barring the dollar-pegged stablecoins and Solana, all other seven out of the top-10 cryptocurrencies were trading higher at 9.30 hours IST. Bitcoin, Cardano and Dogecoin added 5 per cent each.The global crypto market cap jumped more than 3 per cent, to $2.94 trillion mark compared to the last day. However, the total crypto market volume jumped 27 per cent to $123.51 billion.Bitcoin and Ether made record peaks in Asia trade on Tuesday as enthusiasm for cryptocurrency adoption and fears about inflation lent support to the asset class.Bitcoin shot up over the past 2 days after DCG founder’s tweet tore the covers off the asset, sending it to new lifetime highs. The rally was broad, with major tokens leading the way, said ZebPay Trade Desk.”We anticipate a fair amount of volatility to persist over the next couple of days, as the market seems to be a little inflated at this point in time, and some correction is certainly anticipated. If that does happen, profit booking is likely,” it added.The rising demand for Ethereum has sparked a rally in its biggest competitor, Solana, which has delivered spectacular returns in the current calendar year.In the meantime, the market for non-fungible tokens (NFT) – a type of crypto asset in which each token is entirely unique – is picking up in India with several celebrities such as Amitabh Bachchan, Kamal Haasan and Salman Khan jumping on to the bandwagon. !function(){“use strict”;window.addEventListener(“message”,(function(e){if(void 0!==e.data[“datawrapper-height”]){var t=document.querySelectorAll(“iframe”);for(var a in e.data[“datawrapper-height”])for(var r=0;r
Read more: economictimes.indiatimes.com
