Altcoin News
- The cryptocurrency market cap was back in the green zone.
- Avalanche gained 16%, making its way into the top ten tokens.
- Solana up by 11%.
The global crypto market is going back in the green zone as the desire for riskier assets improved after comments from the Federal Reserve. The entire crypto market cap is up more than 2.30% to $2.25 trillion from the last day. However, the whole crypto market volume increased by over 25% to reach $131 trillion.
With the anticipation of dollar-linked stablecoins, eight of the 10 digital tokens were trading higher at 9.30 IST. Avalanche zoomed 16% to make its way into the top 10 tokens, while Solana was up by 11%.
On the other hand, in New Delhi, some crypto exchanges are expected to see a merger amid concerns and confusion over the government’s attempt to regulate crypto assets. Some exchanges have started exploratory conferences with other Indian exchanges and foreign players.
Since Bitcoin and other digital assets can evade any potential downgrade in the greenback, investors have turned to crypto amid the uncertainty.
At the same time, Chief Economist at the International Monetary Fund (IMF), Gita Gopinath, called for urgent international policy on the issue. She said:
Emerging economies should regulate cryptocurrencies instead of banning them.
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