Top cryptocurrency prices today: Bitcoin, Ether, Solana, Terra, Shiba Inu gain up to 6%

view original post

New Delhi: Following sharp losses seen over the weekend, amid ongoing macroeconomic uncertainty and a widely-expected half-point interest rate hike by the US central bank this week, major crypto tokens staged a rebound on Monday.

Barring the dollar pegged Tether, all other crypto tokens were trading higher. Terra rallied 6 per cent, whereas Shiba Inu and XRP jumped 5 per cent each. Solana zoomed 4 per cent. Bitcoin, Ethereum and BNB rose up to 3 per cent each.

The global cryptocurrency market-cap was trading higher at the $1.74 trillion, gaining about 2 per cent in the last 24 hours. However, total cryptocurrency trading volume dropped about 7 per cent to $80.19 billion.

What’s cooking in India
A recent drop in the prices of high-value non-fungible tokens (NFTs), coupled with ambiguity in the recently established tax framework, will lead to tax scrutiny for Indian investors in the coming months, as asset valuation norms for digital assets remain unclear, according to tax experts.

Expert take
Fort Worth as the first city in the United States to mine Bitcoin, said WazirX Trade Desk. Fort Worth, Texas becomes the first city government in America to mine Bitcoin.

“This pilot program, launched by the Fort Worth Mayor’s Office and the City of Fort Worth in collaboration with the Texas Blockchain Council, recognizes the exponential growth of the blockchain and cryptocurrency industries while advancing Fort Worth’s goal of becoming a leading center of tech and innovation,” it added.

Global updates

  • The Swiss National Bank (SNB) isn’t currently interested in holding bitcoin (BTC), but could move quickly to do so at some point, said Chairman Thomas Jordan.

  • Dubai, United Arab Emirates-based luxury real estate developer Damac will soon accept payments in crypto, joining the chorus of firms betting that the UAE will become a global crypto hub.

Tech View by Proassetz Exchange
The primary trend of ROSE is upwards but in near term, it is showing weakness and trending downward. On April 11, it has given a downward breakout below a trendline of the flag pattern at $0.22617.

ET CONTRIBUTORS

Currently, it is trading above its resistance of $0.1485. We can see an upward movement once it breaks out $0.23.

(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the asset/s mentioned.)