New Delhi: The crypto market was trading higher on Friday but the upside remained capped as the looming prospect of recession and monetary tightening by the US Fed continued to ripple through the new-age sector.
All major tokens were trading higher on Friday. Bitcoin posted decent gains, whereas Ethereum was marginally up. Solana, Cardano, Tron and Avalanche zoomed 4 per cent each. XRP and Polkadot gained 3 per cent each.
The global cryptocurrency market cap was trading higher at the $1.26 trillion mark, rising about 2 per cent in the last 24 hours. However, the total cryptocurrency trading volume plunged about 29 per cent to $69.04 billion.
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