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 the top crypto tokens were trading lower during the early hours on Monday. Dogecoin and Avalanche plunged 5 per cent each, whereas Cardano, Polkadot and XRP dropped 4 per cent each.
The global cryptocurrency market cap was trading lower at the $1.01 trillion mark, dropping about 2 per cent in the last 24 hours. However, the total cryptocurrency trading volume jumped over 4 per cent, close to $62.64 billion.