New Delhi: Crypto market continued to rally on Friday as traders believed that the worst over the inflation is now done and the markets will see a quick recovery.
Bitcoin topped the $24,000 level, despite the fact that US GDP contracted more than expected. Risk appetite is roaring back but experts believe that it is too quick to jump to any conclusion.
Barring the US dollar-pegged stablecoins, all other top crypto tokens were trading higher. Solana rallied over 9 per cent, whereas Polygon and Uniswap rose over 8 per cent each. Avalanche rallied 7 per cent, whereas Dogecoin added 6 per cent.
The global cryptocurrency market cap was trading sharply higher at the $1.10 trillion mark, rising more than 4 per cent in the last 24 hours. However, the total trading volume jumped almost 16 per cent, close to $107.69 billion.
Expert Take
Bitcoin and Ethereum rose for another day. Bitcoin topped the $24,000 level in response to the US central bank’s latest interest rate hike and its support is...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...