Huobi’s HT Token Climbs After Exchange Discloses Airdrop

Crypto prices are rising: Bitcoin (BTC) recently traded up 1.5% to $16,400, while ether (ETH) rose 4.3% to $1,220. Despite major assets recovering from Monday’s drop, traders are trying to figure out “which parts of the crypto transition are about to break,” Edward Moya, senior market analyst for foreign exchange market maker Oanda, said in a Tuesday note written. Moya noted that it’s not a “friendly environment to buy the crypto dip” because the risks are heightened to the downside, “given price differences for other crypto derivatives, fears of a potential run on some exchanges and concerns [that] risk appetite is in for a rough period as the economy looks set for recession.”

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