After profit booking in the weekend break, major cryptocurrencies were back in action. However, the healthier dollar capped gains.
Barring the two stable coins and Cardano, seven out of the top 10 cryptocurrencies were trading higher at 9.30 hours IST. However, the gains were marginal.
The global crypto market cap jumped about 2 percent to the $2.87 trillion mark compared to the last day. However, the total crypto market volume tanked up to 8 percent to $87.71 billion.
NFT market saw a major volume spike yesterday on open-sea, which indicates that the market could have already found the bottom, and now it’s ready for a fresh bull cycle, said Hitesh Malviya.
“A couple of notable NFT collections like doodle, the mutant ape yacht club is up by 80-90 percent in the past two days. We can expect other NFT collections to follow their lead in the coming days,” he added.
(Except for the headline, this story has not been edited by The Technology Express staff and is published from a syndicated feed)
