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Bitcoin topped the $22,000 mark, whereas Ethereum keenly awaited its software upgrade. Investors continue to eye Thursday's expected Merge, the technological overhaul of the Ethereum blockchain, that will shift its protocol from proof-of-work to more energy-efficient proof-of-stake. Solana zoomed 8 per cent, whereas Polygon jumped 5 per cent. Among losers, Ethereum and Cardano dropped about 2 per cent each. The global cryptocurrency market cap was trading marginally higher at $1.06 trillion, rising about half a per cent in the last 24 hours. However, total trading volume increased by about 24 per cent close to $90.43 billion.

cryptocurrency markets were trading mixed on Monday ahead of key inflation data later in the day. Bitcoin, XRP, Cardano, and Polygon were trading with gains, while Ethereum, BNB, Solana, and Shiba Inu were trading with cuts. Bitcoin (BTC) rose 0.28% to $25,864, whereas Ethereum (ETH) was below the $1,750 level. «The crypto market is yet to respond to the US Fed's decision to pause rate hikes. It is important to note that the US Fed has increased interest rates by 500 basis points since it started its war against inflation and prevented the economy from slipping into possible recession,» Shivam Thakral, CEO of BuyUcoin, said. «The crypto market may respond positively to the latest development related to rate hikes in the coming weeks but the real relief will come if interest rates are brought down to boost market liquidity,» Thakral added.

cryptocurrency markets were trading mixed on Friday. Bitcoin, Dogecoin and Solana were trading with cuts, while BNB, XRP and Tron were trading with gains. Bitcoin (BTC) fell 1.91% to $28,074, whereas Ethereum (ETH) was above the $1,800 level. BTC volume stood at approximately $19.14 billion, falling 17.89% in the last 24 hours. «Bitcoin was seen consolidating above the US$28,000 pivot level in the past 24 hours following a recent surge above the US$29,000 level. This consolidation could be due to the anticipation of the upcoming US GDP report,» Edul Patel, Co-founder and CEO at Mudrex, said. «There is a key bullish trend line forming with support near US$27,900. BTC’s immediate resistance now lies at the US$28,500 level and then US$ 28,850 zone. However, BTC has not yet acquired enough strength to make a sharp move but the key uptrend support remains intact,» Edul added.

crypto tokens traded mixed on Tuesday after the US Fed turned hawkish amid renewed inflation worries, which spooked traders. Most crypto tokens have dropped up to 20 per cent in the last one week, following the release of US FOMC minutes, suggesting the bank would maintain its current inflation prescription of 75-basis point, interest rate hikes.Solana topped among the losers followed by Shiba Inu with a 2 per cent cut, whereas Cardani and Ethereum posted similar gains each. The global cryptocurrency market cap was trading marginally higher at the $1.02 trillion mark, almost unchanged in the last 24 hours. However, the total trading volume rallied over 18 per cent, close to $70.62 billion.What's cooking in IndiaThe interconnectedness between Indian equities market and crypto assets has increased nearly tenfold since the advent of the Covid-19 pandemic, the International Monetary Fund observed in a blog post and flagged the attendant risks.

Bitcoin topped the $23,000 mark, whereas Ethereum cooled down a bit after a super strong rally. The merge in Ethereum will shift the protocol from its energy-sapping proof-of-work model to a more environmentally friendly proof-of-stake one. All the top crypto tokens were trading higher on Wednesday. Cardano surged about 10 per cent, whereas Avalanche rallied over 8 per cent. Bitcoin and Shiba Inu gained over 6 per cent, whereas XRP added 4 per cent.

The flow of bad crypto news was slower than it has been most days over the past six weeks. However, the gloom and fear in the crypto industry still persist. Barring the Unus Sed Leo, which was up by 3 per cent down, all other crypto tokens were lower on Wednesday. Shiba Inu, Dogecoin and Polkadot plunged 4 per cent each, whereas Cardano shed 3 per cent.

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 memecoins Dogecoin and Shiba Inu, all of the other crypto tokens were trading in the red on Thursday.

Investors continued to find comfort in faint signs that the global economy was cooling and that the Federal Reserve might be able to tone down its monetary hawkishness later in the year, which boosted morale mildly.Bitcoin and Ethereum dropped a per cent each, whereas Avalanche and Solana plunged 3-4 per cent each. Dogecoin zoomed 11 per cent and Tron gained 4 per cent.

Fresh liquidations from the riskier assets hurt investor sentiments, with major crypto assets testing their major support levels. The latest rebounds were short-lived and choked in a jiffy, thanks to bleak sentiments. Barring the stablecoins, all of the crypto tokens were in trading lower on Friday. Polkadot plunged 13 per cent, whereas Solana, Ethereum and Avalanche tumbled over 10 per cent each. Bitcoin, meanwhile, barely held about $20,000. It was down about 8 per cent.

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 as sell-off pressure lingers on the digital token market. Majority of the crypto tokens were trading flat, with minor changes, on Friday. Avalanche dropped 3 per cent, whereas Dogecoin and Cardano also traded in the red. On the other hand, Solana jumped 5 per cent, followed by a 4 per cent rise in Polkadot.

Barring stablecoins, the majority of the tokens were trading with gains. Avalanche and Solana zoomed 7 per cent each, whereas Cardano gained 5 per cent. Bitcoin, Ethereum and Polkadot gained 4 per cent each. The global cryptocurrency market cap was trading quite higher at the $1.27 trillion mark, rising more than 3 per cent in the last 24 hours. However, the total cryptocurrency trading volume zoomed over 18 per cent to $51.28 billion.

Barring the stablecoin USD Coin, all crypto tokens were trading sharply higher on Monday. Avalanche zoomed more than 13 per cent, whereas Cardano and Shina Inu posted double-digit gains. Polkadot and Solana advanced 9 per cent each. The global cryptocurrency market cap was trading higher at the $1.26 trillion mark, jumping more than 5 per cent in the last 24 hours. However, the total cryptocurrency trading volume zoomed over 8 per cent to $55.27 billion.

Cryptos have been down in the doldrums since the Terra (LUNA) fiasco, which wiped out $40 billion from the investors' kitty. Rising inflationary worries and concerns over slowing growth are major concerns for riskier assets. Barring the US dollar-pegged USD Coins, all the tokens were trading sharply lower. Avalanche plunged another 11 per cent, followed by a 9 per cent fall in Solana. Polkadot and Cardano dropped 8 per cent each.

Investors have been cautious following the Terra-Luna and UST fiasco, which wiped out more than $30 billion from investors' pockets. Further, investors are waiting on the sidelines, eyeing an end to the rate hike cycle before lapping up assets from the digital market. Barring the US dollar-pegged stablecoins, all the tokens were trading lower on Tuesday. Cardano and Polkadot tumbled 5 per cent each, whereas Avalanche, Solana and Shiba Inu dropped 3 per cent each.

The crypto tokens were badly hammered last week amid geopolitical unrest, rising inflation rates and the explosive failure of Terra (LUAN) which hurt the sentiments. Tokens in the last few sessions, however, scripted mild recovery from recent lows. All the tokens in the top 15 list were trading higher on Monday. Cardano rallied about 14 per cent, followed by a 12 per cent rise in Solana. Avalanche zoomed 7 per cent and BNB advanced 5 per cent.

Bitcoin, the largest crypto by market value, climbed 4.15 per cent to $29,972.89. The cryptocurrency had fallen to a low of $25,401.05 on Thursday, its lowest level since December 28, 2020. It is still down 17.87 per cent in the last seven sessions.

The unstable algorithms of 'stablecoins' are hurting the crypto market sentiments, while the US dollar-pegged tokens are getting 'depegged' and dragging the market lower. Other than this, rising inflation numbers across the globe are worrying investors over the looming economic slowdown. Russia's unprovoked attack on Ukraine has just added to the woes.

The euphoria over cryptocurrencies led by wider adoption, growing institutional interest and awareness of blockchain projects has fizzled out and is now being replaced by fear of higher interest rates, geopolitical turmoil and a looming recession. Barring the dollar-pegged stable coins, all major crypto tokens and altcoins were bleeding. Terra tanked over 49 per cent, wiping off half of the investor wealth, whereas Shiba Inu's 17 per cent drop pulled it out from the top-15 crypto tokens.

Barring the dollar-pegged stablecoins — USD Coin and Tether — all major crypto tokens and altcoins were trading lower. Terra dropped 6 per cent, whereas Avalanche tumbled 5 per cent. Ethereum and Shiba Inu plunged 4 per cent each. The global cryptocurrency market cap was trading sharply lower at the $1.53 trillion mark, falling about 3 per cent in the last 24 hours. However, the total cryptocurrency trading volume zoomed about 14 per cent to $98.63 billion.

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.

Crypto tokens have been tumbling for five consecutive days. Alogrand rallied a day after announcing that it would become the official blockchain platform of FIFA, soccer's world governing body. All major crypto tokens were trading lower on Wednesday. Ethereum, Terra, Avalanche, BNB, Solana, XRP dropped 2 per cent each, followed by a per cent fall in Bitcoin, Dogecoin and Cardano.