Crypto Price Today: Bitcoin breaches $19K; Ethereum, Dogecoin drop up 6%
Barring the US dollar-pegged stablecoins, all top crypto tokens were trading in the red on Friday. Ethereum slumped another 6 per cent, whereas Cardano, Dogecoin and Polygon tumbled more than 3 per cent each. The global cryptocurrency market cap was trading quite lower at $907.27 billion, dropping more than 2 per cent in the last 24 hours. However, the total trading volume zoomed almost 33 per cent, close to $90.85 billion.Expert takePrashant Kumar Founder weTrade said that crypto markets were choppy as they reacted to the US Federal Reserve’s decision to hike interest rates by 75 basis points.
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Jobs in crypto, blockchain, and NFTs have grown by 804% in India between April 2020 and April 2022 according to a report by Indeed
View Details »«The trend also showcases the connection between the global stock markets and crypto markets that are reacting similarly to the interest rate hikes.»Global Updates
Taki, a web 3.0 social media platform has been launched on the Google Play Store as its active user base has surpassed the half-a-million mark. Over 468,541 unique user coins have been generated so far with an active user base of 559,705. Jesse Powell, co-founder of crypto exchange Kraken, is planning to step down as CEO, Kraken confirmed with CoinDesk. The Wall Street Journal first reported on the news. Throughout the summer, CoinDesk traveled to two US states to visit bitcoin mines to see how, even in the midst of a crypto winter, miners are still building data centers to power the Bitcoin network. Crypto-exposed equities jumped from their daily lows Wednesday as the tech-heavy Nasdaq index regained ground following the US Federal Reserve's announcement that it was hiking the interest rate by 75 basis points. The Read more on economictimes.indiatimes.com
