Is the Bitcoin Bear Market Coming to an End? | Daily Crypto News Wrap

After a brief recovery, the global crypto market was back in the red in Tuesday's trade. Concerns over an aggressive fight against inflation are likely to dent the sentiment for riskier assets.

Bitcoin dropped marginally but firmly held the $17,000 mark, whereas Ethereum was steady above the $1,250 mark. All eyes are set on the US macroeconomic data, on cues for rate hikes.

Barring Litecoin, Shina Inu and Tron, all other top crypto tokens were trading marginally lower. Litecoin zoomed 4%, whereas Polkadot tumbled 3%. Ethereum, BNB, Dogecoin and Polygon shed 2% each.