New Delhi: Crypto tokens were trading sharply lower on Wednesday as the largest crypto token - Bitcoin - dropped about 6 per cent to break below the $19,000 mark. Its biggest peer, Ethereum, slumped about 8 per cent.
Barring the US dollar-pegged stablecoins, all other tokens were trading with deep cuts on Wednesday. Polygon and Polkadot tanked 9 per cent, whereas meme coins like Dogecoin and Shiba Inu tumbled 8 per cent.
The global cryptocurrency market cap was trading sharply lower at $935.13 billion mark, dropping as much as 6 per cent in the last 24 hours. However, the total trading volume zoomed more than 32 per cent close to $87.05 billion.
Tech view by BuyUcoin Crypto Exchange
Ethereum classic surged on merge news. The excitement around the upcoming Ethereum merge is showing positive effects on Ethereum's classic price movement. The price of Ethereum Classic is up by almost 23 per cent and is very close to breaching the $40 mark.
The current price movement may push the...
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