Cryptocurrency

Top cryptocurrency prices today: Polkadot, XRP, Ethereum add up to 5% – Economic Times

Summary

New Delhi: After a decent correction, the cryptocurrency market was trading mixed on Thursday as sentiments improved and inflation concerns spooked global investors. Traders bought some key names at lower levels.

Five of the top 10 digital tokens were trading higher, whereas the same number of crypto tokens were trading with cuts at 9.30 hours IST. XRP and Polkadot led the gainers, whereas the downside was limited.

The global crypto market cap surged about 2 per cent to $2.63 trillion …….

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New Delhi: After a decent correction, the cryptocurrency market was trading mixed on Thursday as sentiments improved and inflation concerns spooked global investors. Traders bought some key names at lower levels.

Five of the top 10 digital tokens were trading higher, whereas the same number of crypto tokens were trading with cuts at 9.30 hours IST. XRP and Polkadot led the gainers, whereas the downside was limited.

The global crypto market cap surged about 2 per cent to $2.63 trillion mark compared to the last day. However, the total crypto market volume tanked about 16 per cent to $125.53 billion.



On the previous day, Bitcoin dropped further below $60,000 to its lowest level in about three weeks amid a broader decline in cryptocurrencies as concerns about US taxation and China’s continued crackdown swirled.

Sentiments continue to remain fairly bullish, and most believe that this correction is a function of market cycles and some fundamental macroeconomic developments in US and China.

After most cryptos breached their respective all-time highs last week, a healthy correction seems to have set in since the start of this week. At these levels, several assets are looking attractive, and this can be seen as a result of volumes, said ZebPay Trade Desk.

“Solana and Bitcoin are leading the charge and have witnessed great inflows as investors (both retail and institutions) seem to be accumulating the asset to benefit from the recent fall,” it added. “ETH, DOT, and AVAX are also following the similar trend.”

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Source: https://economictimes.indiatimes.com/markets/cryptocurrency/top-cryptocurrency-prices-today-polkadot-xrp-ethereum-add-up-to-5/articleshow/87773307.cms