Top cryptocurrency prices today: Bitcoin, Avalanche, Cardano, Solana tank up to 15% – Economic Times
New Delhi: Major crypto tokens plummeted on Friday as investors turned risk-averse amid fears of aggressive rate hikes to tame inflation.
Bitcoin dropped the most in almost a month as the optimism seen across financial markets following the Federal Reserve’s meeting on Wednesday faded soon. The altcoins suffered more intense cuts.
Barring the dollar-pegged USD Coin, all major crypto toke…….
New Delhi: Major crypto tokens plummeted on Friday as investors turned risk-averse amid fears of aggressive rate hikes to tame inflation.
Bitcoin dropped the most in almost a month as the optimism seen across financial markets following the Federal Reserve’s meeting on Wednesday faded soon. The altcoins suffered more intense cuts.
Barring the dollar-pegged USD Coin, all major crypto tokens were bleeding sharply. Avalanche plunged 15 per cent, followed by a drop of 12 per cent each in Solana and Cardano. Dogecoin, Shiba Inu and Ethereum plunged 7 per cent each.
The global cryptocurrency market cap was trading sharply lower at the $1.67 trillion mark, falling about 8 per cent in the last 24 hours. However, the total cryptocurrency trading volume zoomed about 14 per cent to $115.05 billion.
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