New Delhi: Crypto market was trading lower on Monday as worries over inflations and economic slowdown resurfaced, dimming the a ppetite for riskier assets.
The crypto Fear & Greed index has improved over the past few days but fear is not over yet. On the other hand, all eyes are set on the US Federal Reserve's monetary policy meeting this week.
All top crypto tokens were trading lower during early hours on Monday. Solana and Ethereum plunged about 6 per cent, whereas Dogecoin, Polkadot, Avalanche, XRP and Cardano tanked 5 per cent each.
The global cryptocurrency market cap was trading lower at the $1.01 trillion mark, dropping about 4 per cent in the last 24 hours. However, the total cryptocurrency trading volume jumped over 4 per cent, close to $65.44 billion.
Expert take
The Monday selloff is being noticed in all Global Markets owing to the fact that the upcoming Federal Meeting (FOMC) is scheduled for 26-27th July, said CoinDCX Research Team.
Asia's central banks have made...
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