Crypto markets made a quick recovery on Tuesday as peace talks between Russia and Ukraine supported the sentiment.
The global cryptocurrency market capitalisation remained below the $2 trillion mark at $1.79 trillion, more than 0.8 percent change in the last 24 hours. The total crypto market trading volume on the last day is at $74.9 Billion, as per CoinGecko.
Bitcoin, the world’s favourite cryptocurrency, was down 0.45 percent and the currency was trading at $38,189. In rupee terms, Bitcoin was trading over 0.05 percent higher at ₹2,932,568 at 12:45 pm (IST), according to CoinDesk data. It is about 30 percent far away from its record high of near $69,000 it had hit in November last year.
On the other hand, Ether, the world’s second-largest cryptocurrency in terms of market capitalization, which is linked to the Ethereum blockchain, plunged 2.15 percent to $2,520. In rupee terms, Ethereum declined 2.13 percent to trade at ₹192,790 in the last 24 hours.
Memecoin Dogecoin price declined 3.16 percent to $0.110905 whereas Shiba Inu was down 1.99 percent at $0.000021 whereas Terra (LUNA) rose 2.43 percent to $92.39.
The performance of other digital tokens were improved as Polygon, Litecoin, Stellar, XRP, Uniswap, Solana, Polygon, Polkadot Terra, Cardano surged over the last 24 hours.
Meanwhile, cryptocurrencies prices gained momentum after Elon Musk tweeted that he still owns cryptocurrencies Bitcoin, ether, and dogecoin and is not planning to sell them. “As a general principle, for those looking for advice from this thread, it is generally better to own physical things like a home or stock in companies you think make good products, than dollars when inflation is high. I still own & won’t sell my Bitcoin, Ethereum or Doge fwiw," Musk tweeted.