New Delhi: Crypto market rebounded sharply on Tuesday as major crypto tokens were trading higher. However, the crypto Fear & Greed index remained wedged in the extreme fear territory. Analysts remain downcast about prices for at least the near term.
Barring the dollar-pegged USD Coin and Unus Sed Leo, all other crypto tokens were in the green on Tuesday. Bitcoin rallied about 6 per cent, whereas Ethereum surged 9 per cent. Shiba Inu was also up by 7 per cent.
The global cryptocurrency market cap was trading higher at the $909.69 billion mark, zooming more than 6 per cent in the last 24 hours. However, the total cryptocurrency trading volume jumped almost 38 per cent to $55.27 billion.