Cryptocurrency prices today: Bitcoin above USD 40,500, Dogecoin, , Terra rally

Despite the riskier asset classes’ volatility, crypto tokens were able to recover the previous day’s losses. Inflation, the Ukraine crisis, and monetary policy tightening have all contributed to recent volatility.

With the exception of Tether, which is tethered to the US dollar, all major crypto assets were trading higher in the early hours of Tuesday. Dogecoin has increased by 20 percent. Terra increased by 8 percent, whereas Ethereum increased by 5 percent.

In the last 24 hours, Bitcoin and Ethereum have recovered. According to Edul Patel, CEO and Co-founder of Mudrex, “short-term Bitcoin purchasers appear to have returned around the support level.”

Simultaneously, most cryptocurrencies have gained decently, stabilising after a brief fall. In the following days, we may witness range-bound trading,” he warned.

The market capitalization of all cryptocurrencies was USD1.86 trillion, up over 3 percent in the last 24 hours. The overall cryptocurrency trade volume, on the other hand, increased by nearly 43 percent to USD97.88 billion.

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