Bitcoin and Ethereum experienced gains on Monday afternoon in Asia, alongside most other top 10 non-stablecoin cryptocurrencies by market capitalization, with Dogecoin recording the most significant increase. The global crypto market capitalization rose 1.02% to $1.18 trillion, while the total crypto market volume gained 4.09% to $29.18 billion in the last 24 hours. Asian markets were mixed on Monday amid speculation that the US Federal Reserve may raise interest rates again in May. The US dollar index saw a 0.2% slide, while the euro rose 0.14% as investors expect another interest rate hike from the European Central Bank. Gold retreated 0.43% to $1,999 per ounce.

(BY PRADIPTA MUKHERJEE AND ZOLTAN VARDAI)