The total capitalisation of the crypto market, according to CoinMarketCap, increased 3.9% overnight to $1.87 trillion.
The cryptocurrency Fear and Greed Index rose 4 points to 27 by Tuesday and moved into “fear” status.
Dogecoin soared 25% and returned to the top 10 cryptocurrencies on the back of news of Twitter’s purchase of the social network by Elon Musk.
Hedge fund SkyBridge Capital, founded by former US politician Anthony Scaramucci, plans to move most of its assets under management into cryptocurrency as it sees the prospect of “huge” growth in the sector.