New Delhi: Crypto tokens continued to slide on Monday, extending their weekend losses. However, the fall in crypto tokens was limited.
Traders are keenly awaiting the latest US consumer price index reading, expected Wednesday. The report could influence market expectations over the Federal Reserve's next move, at a meeting later this month.
Barring Solana and Shiba Inu, all other crypto tokens were trading in the red. Cardano dropped 2 per cent, whereas Unus Sed Leo tumbled up to a per cent.
Did you Know?
In the wake of the crypto market crash, the prices of hardware used to support the mining of crypto assets are also falling dramatically. For example, a high-end graphic card is now almost 45% cheaper compared to its price a few months ago.
The global cryptocurrency market cap was trading lower at the $914.16 billion mark, dropping more than 3 per cent in the last 24 hours. Meanwhile, the total cryptocurrency trading volume dropped 5 per cent to $53.46 billion.
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