New Delhi: Amid the risk-off sentiments, the crypto market was trading mixed during the early hours on Friday. Bitcoin and Ethereum cooled down over inflationary concerns.
US Commerce Department report confirming that the world's largest economy was in recession by the traditional definition of two consecutive quarters of negative gross domestic product, hit the sentiments on Wall Street.
Top crypto tokens were trading mixed on Friday. Ethereum and Bitcoin dropped marginally, whereas XRP soared 9 per cent. Polkadot gained over 4 per cent, followed by a 2 per cent rise in Polygon and Solana.
The global cryptocurrency market cap was trading marginally higher at $942.84 billion, rising less than a per cent in the last 24 hours. However, the total trading volume tumbled as much as 16 per cent, close to $69.93 billion.
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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
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