KEY POINTS

  • Bitcoin, Ether rise
  • Global market cap at $2.26T
  • Most top coins in the green

The cryptocurrency market bounced back to the green ahead of the holiday season as at least eight of the top ten coins saw a surge in prices, pushing up the global market cap by 4.23% to $2.26 trillion as of 3.23 a.m. ET.

Barring Tether and USD Coin, all coins in the top 10 cryptocurrencies chart were trading in the green Tuesday, CoinMarketCap data showed.

Bitcoin rose 5.03% in the last 24 hours to $48,841, while Ethereum rose at a similar pace to $4028.

Among other coins, Terra LUNA rose 8.32% and was trading at the 9th position in the top coins. Solana and Cardano were also in the green. Avalanche has also been on a roll since last week.

Meme cryptos Dogecoin and Shiba Inu, though out of the top 10 list at this time, also gained momentum in the last 24 hours.

Experts have also signalled time and again that the new year will assure gains for the crypto market.

Former Twitter CEO Jack Dorsey's online payments firm Cash App has integrated crypto gifting options into the app ahead of the crucial holiday season. Similarly, crypto trading platform Robinhood has plans to expand on its crypto gifting features.

The crypto market is extremely volatile and experts recommend investors not make decisions based on the sudden shift in prices.

The Indian government wants to ban all private cryptocurrencies, with some exceptions, to pave the way for a digital money controlled by the central bank
The Indian government wants to ban all private cryptocurrencies, with some exceptions, to pave the way for a digital money controlled by the central bank AFP / Manjunath Kiran
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