Crypto markets bounce back as selling pressure in Asia slows down

Dec 22, 2021

By: BI India Bureau

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The global crypto market seems to have escaped doldrums

The overall market cap stands at $2.29 trillion, a jump of nearly 4 percent yesterday

Bitcoin is making a steady comeback

The cryptocurrency is trading at $49,274 — up by 3.19 percent in the last 24 hours

Ethereum is rallying as well

It’s current price is around $4,053 — up by 1.44 percent since yesterday

Binance Coin is trading at $533.34

The cryptocurrency is 1.2 percent higher as compared to yesterday

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According to CoinDesk,

This may be a sign that the China’s ban-related sell-off may finally be coming to an end

While the three biggest coins are back in the green

It’s smart contract platforms Terra and Avalanche that are making the real moves

Terra is trading at $92, up by 11 percent in the last 24 hours

This is in addition to the 60 percent rally that the coin has already seen in the last seven days

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Avalanche is shows a similar uptick of nearly 10 percent

Trading at $125, the cryptocurrency is up by 40 percent in the last 7 days

Meanwhile, Solana is at $179.46

It saw a 1.87 percent increase in the last 24 hours

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Ripple’s XRP is priced at $0.95

It’s up by 11 percent since yesterday

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​Disclaimer

These are the top cryptocurrencies by volume according to CoinMarketCap | Prices updated as of December 22, 9:30 am IST and may change over the course of the day

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Bitcoin, Avalanche and Terra gain in a tepid crypto market