New Delhi: Major crypto tokens were back in red but prices remained in a tight range. Traders are waiting for a clear direction in the economy before making their mind.
Crypto prices, which have largely correlated to stocks, dovetailed again with major indices. Rising inflationary worries and looming fears of recession continued to weigh on investor sentiments and cryptos are struggling to get over them.
Barring the stablecoin USD Coin, majority of the tokens were trading lower on Thursday. However, the losses were capped. Avalanche plunged 3 per cent, followed by a 2 per cent fall in Bitcoin, Solana and Shiba Inu each.
Did you Know?
Fan tokens or sports crypto are digital assets that enable sports teams, leagues, clubs, associations and players to strengthen fan engagement.
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