New Delhi: Crypto tokens were back in the green on Monday after witnessing profit booking on Sunday. Market experts believe crypto tokens are likely to remain rangebound until investors have clearer cues on regulations, recession and rate hikes.
Bitcoins was holding above the $21,000 mark, whereas Ethereum inched above $1,400 again. The total crypto market capitalization is marching towards the $1 trillion mark.
Barring the dollar-pegged USD Coin, all other crypto tokens were trading higher. Ethereum and Polygon jumped 4 per cent each, whereas Solana gained 3 per cent. Ethereum and Avalanche added 2 per cent each.
The global cryptocurrency market cap was trading higher at the $978.65 billion mark, rising close to 2 per cent in the last 24 hours. However, the total cryptocurrency trading volume dropped about 3 per cent to $60.49 billion.