New Delhi: After a strong recovery in the last few sessions, top crypto tokens sank sharply on Wednesday. Bitcoin barely held the $20,000 mark whereas the Merge-bound Ethereum outperformed its largest peer. Red hot US inflation numbers spooked traders across the globe. Markets are expecting another series of aggressive rate hikes by the US Fed … Read more
New Delhi: Crypto market was trading in the red during early hours on Wednesday as traders nervously awaited cues from the US Fed Chairman Jerome Powell regarding the rate hike path. Barring Avalanche and Polkadot, which posted mild gains, all other top crypto tokens were trading lower on Wednesday. Solana dropped 3 per cent, whereas … Read more
New Delhi: Crypto market continued to bleed on Tuesday ahead of the Federal Reserve’s policy meeting. Investors have begun their countdown for a 75 basis point rate hike, which pushed the digital tokens lower. The total market capitalization of the crypto space again slipped below the $1 trillion mark, with Bitcoin barely holding on to … Read more
Bitcoin is on track for its worst quarter in more than a decade, as more hawkish central banks and a string of high-profile crypto blowups hammer sentiment. The 56% drawdown in the biggest cryptocurrency is the largest since the third quarter of 2011, when Bitcoin was still in its infancy, data compiled by Bloomberg show. … Read more