New Delhi: The crypto market was trading slightly higher on Monday, despite the stablecoins facing severe scrutiny. Investors nervously waited for clear signs about the direction of inflation and the global economy.
Barring stablecoins, the majority of the tokens were trading with gains. Avalanche and Solana zoomed 7 per cent each, whereas Cardano gained 5 per cent. Bitcoin, Ethereum and Polkadot gained 4 per cent each.
The global cryptocurrency market cap was trading quite higher at the $1.27 trillion mark, rising more than 3 per cent in the last 24 hours. However, the total cryptocurrency trading volume zoomed over 18 per cent to $51.28 billion.
Did you Know?
Fan tokens or sports crypto are digital assets that enable sports teams, leagues, clubs, associations and players to strengthen fan engagement.
What's cooking in India
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