Bitcoin Recovers to K Amid Mixed Response From Traders, Polkadot Leads Altcoin Gains
Bitcoin gained 10% in the past 24 hours to trade above $36,500 during European hours on Tuesday, staging a recovery after a plunge on Monday saw prices fall to as low as $33,500.The move caused a resurgence in the broader crypto market, adding 5% to the $1.7 trillion total market capitalization in the past 24 hours. Several major cryptocurrencies rose as high as 12%, with Polkadot (DOT), Solana (SOL), and Cardano (ADA) being among the biggest gainers. The recovery in the crypto market comes ahead of a U.S. Federal Reserve (Fed) meeting on Wednesday, one that’s widely expected to reveal…