Cryptocurrency markets have rallied slightly on Tuesday after crashing over the weekend. The global market capitalization increased by 0.51% in the last 24 hours and stands at $1.72 trillion as of 8:00 a.m. ET. m. IST, data from CoinMarketCap showed.
Bitcoin rose 1.61 percent, while the ETH token also showed a slight uptrend in the last 24 hours. Ethereum was up 0.70 percent. Bitcoin is trading at $38,718 and Ethereum is trading at $2,557.
The stablecoin USDT Tether rose 0.02 percent. The BNB token also showed significant growth. It increased 4.57 percent.
The USDC stablecoin was up 0.09 percent, which represents a significant uptrend when it comes to stablecoins.
Terra LUNA rallied just 2.81 percent despite falling more than 9 percent on Monday morning.
XRP Ripple showed a slight bullish move and was up 1.95 percent.
The ADA token, native to the Cardano blockchain, which is often referred to as the Ethereum killer, showed an uptrend of 0.34 percent.
Solana and Avalanche were also up 2.39% and 3.73% respectively.
Elon Musk's favorite cryptocurrency, Dogecoin, became the 11th largest cryptocurrency by market cap, dethroning Terra USD.
It is interesting to note that donations of crypto assets to Ukraine have slowed down. Ukraine has received $59.7 million worth of cryptocurrencies.
The biggest gainers on the day were tokens like Kaizen Inu which was up an astronomical 552.75%, ZUM token which was up 314.04% despite falling over 75% on Monday. Other tokens that surged more than 100 percent were Magic Ethereum Money and Metaverse PRO.
Additionally, tokens like Spook Inu, Bastille De La Bouje, Meta Doctor, and Fantasm SM were down more than 75 percent.
