New Delhi: Crypto tokens were mixed in the early hours of Tuesday, with Bitcoin slipping below the $20,000 mark. Meanwhile, the fear of further selloff in the crypto cart lingered.
Crypto traders are still looking ahead to Wednesday's release of June’s Consumer Price Index, the measure of US inflation, for clues on how aggressive the Federal Reserve will need to be to slow the pace of consumer price rises.
Barring Shiba and Unus Sed Leo, all other crypto tokens were trading marginally lower on Tuesday. However, the losses were capped in all tokens.
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 $888.98 billion mark, dropping more than 3 per cent in the last 24 hours. However, the total cryptocurrency trading volume...
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