Barring Solana, Cardano and Polkadot, all the other seven out of top 10 cryptocurrencies were higher at 9.30 hours IST with Bitcoin, Dogecoin and Ethereum gaining up to 5 per cent.
![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-120x86.jpg)
The global crypto market cap was up by more than 3 per cent to $2.22 trillion compared to the last day. However, the total crypto market volume jumped about 4 per cent to $110.80 billion.
Bitcoin, the world’s biggest cryptocurrency by market value, rose above the $50,000 mark for the first time in four weeks on Tuesday, adding to a series of gains since the start of October.
The past 24 hours were wonderful for the cryptocurrency market. Both the largest cryptocurrencies broke past their local resistance levels, said Edul Patel, CEO and Co-founder, Mudrex.
“Bitcoin surpassed the $50,000 mark, and this made a lot of investors very happy. The coming 24 hours would likely be a period of consolidation as there could be some profit booking across the spectrum,” he added.
Sales volumes of non-fungible tokens (NFTs) surged to $10.7 billion in the third quarter of 2021, up more than eightfold from the previous quarter, according to data from market tracker DappRadar as the frenzy for crypto assets reached new highs.
“The market has been recovering with Bitcoin and Ethereum in the green zone. Hopefully, we can expect some momentum in the coming few days,” said Sharan Nair, Chief Business Officer, CoinSwitch Kuber.
In the meantime, demand for digital coins in India is helping to make a region spanning central and southern Asia and Oceania one of the fastest-growing cryptocurrency markets globally, according to Chainalysis.
Crypto Cart: Quick Glance (Source:
coinmarketcap.com, data as of 09.30 hours, IST on October 05, 2021)
Tech View by ZebPay Trade Desk
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![Dogecoin [DOGE] to rise beyond 40%? Whale activity may spur rally](https://crypto.newswireservice.net/wp-content/uploads/2023/02/doge-wale-1000x600-350x250.jpg)
