Smaller, lesser-known digital currencies are outperforming Bitcoin after the breathtaking surge by the market bellwether in recent weeks. Cardano surged as much as 30% on Friday, while Solana gained about 8% and Avalanche increased 12%. Meanwhile, Bitcoin was up about 2% and Ether was down around 1%. Combined, the two largest tokens account for about … Read more
New Delhi: The crypto market moved back in to the green on Tuesday, with Bitcoin again topping the $19,000 mark, whereas Altcoins zoomed up to 10 per cent. Riskier asset class was back in flavour ahead of the US Federal Reserve’s monetary policy meeting later in the day. Investors are bracing up for another 75 … Read more
New Delhi: Crypto tokens were trading lower on Thursday but Bitcoin held above the $20,000 threshold. The inflation worries and hawkish monetary policy comments dented the sentiments for the digital asset class. Crypto looks bearish for now and there is limited hope for any sharp revival. However, all eyes are set on the much-awaited software … 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
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
New Delhi: Crypto market slipped in early trading hours on Thursday. Bitcoin barely held above $20,000 levels while the pain in altcoins was severe. Fears of recession in the global economy and rising inflationary pressure are denting the sentiment for the digital token market. Barring Unus Sed Leo, which gained about 4 per cent, and … Read more
New Delhi: Crypto markets showed a turtle movement on Friday as major digital tokens were trading flat. However, Bitcoin held $30,000 mark, which is a major relief to traders. Investors across the globe and asset classes awaited the latest Consumer Price Index (CPI) data due on Friday. Inflation numbers are likely to hurt riskier assets … Read more
New Delhi: Major crypto tokens were back in red but prices remained in a tight range. Traders are waiting for a clear direction in the economy before making their mind. Crypto prices, which have largely correlated to stocks, dovetailed again with major indices. Rising inflationary worries and looming fears of recession continued to weigh on … Read more
New Delhi: Major crypto tokens were trading lower on Friday following hawkish commentary from Federal Reserve, which is planning aggressive rate hikes. Barring the dollar-pegged USD Coins, all major crypto tokens were trading lower during early hours on Friday. Solana tanked 4 per cent, followed by 3 per cent fall in Bitcoin, Ethereum, BNB, Dogecoin, … Read more
New Delhi: The digital token market was trading flat on Tuesday as investors closely watched the major global events unfold and their impact on the financial markets. However, crypto trading volumes were holding around $100 billion level despite the cautious stance and economic uncertainty inflamed by the conflict between Russia and Ukraine. Solana dropped 3 … Read more