New Delhi: Crypto tokens traded largely unchanged on Wednesday ahead of US inflation data slated to be out later today. A spike in inflation would keep central banks on the path of aggressive rate hikes.
Barring the US dollar pegged USD Coin and XRP, all other major crypto tokens were trading in the green, but with limited gains in the last 24 hours. Ethereum, Solana, Shiba Inu and Unus Sed Leo gained a per cent each.
The global cryptocurrency market cap was trading lower at the $871.69 billion mark, dropping close to two per cent in the last 24 hours. However, the total cryptocurrency trading volume gained about 4 per cent to $55.5 billion.
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.
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