Top cryptocurrency prices today: Avalanche, Shiba Inu, Solana and XRP drop up to 11%
A few players might see it as a short term rebound as they are cautious about any long-term bounce in the digital token market amid ongoing inflationary concerns and recession worries. Barring Cardano, all other major crypto tokens were trading with mild cuts. However, the losses were capped in the majority of names. Among the worst performers, Avalanche dropped 10 per cent, whereas Solana and Shiba Inu fell up to 6 per cent.
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View Details »The global cryptocurrency market-cap was trading marginally lower at the $1.31 trillion mark, dropping about a per cent in the last 24 hours. However, the total cryptocurrency trading volume fell about 5 per cent to $86.43 billion.Expert takeDarshan Bathija, CEO and Co-Founder of Vauld said that bitcoin holding above the $31,000 level is a positive sign. After 9 consecutive weeks of losses, and oversold conditions, investors seem to be returning, he said. After the launch of the new LUNA token, the price fell by 80 per cent within hours of being listed on small exchanges. This is because as soon as the tokens were airdropped to the people, they sold them off to recover their losses, said WazirX Trade Desk. «The biggest listing happened on 31st May in Binance and we'll see what is the market sentiment,» it added.Global updates
Russia's central bank is open to allowing the use of cryptocurrency for international payments, a senior bank official said, in a sign of a possible relaxation of its opposition to digital currencies. The market for collectible sneakers has skyrocketed in recent years. And until recently, so had the market for NFTs, Read more on economictimes.indiatimes.com
