crypto price today: Crypto Price Today Live: Polygon, Avalanche, Shiba Inu, Ethereum shed up to 9%

Synopsis

The global cryptocurrency market cap was trading lower at the $966.86 billion mark, dropping more than 4 per cent in the last 24 hours. However, the total cryptocurrency trading volume jumped close to 18 per cent to $75.16 billion.

New Delhi: Crypto market continued to bleed on Tuesday ahead of the Federal Reserve’s policy meeting. Investors have begun their countdown for a 75 basis point rate hike, which pushed the digital tokens lower.

The total market capitalization of the crypto space again slipped below the $1 trillion mark, with Bitcoin barely holding on to the $21,000 level while Ethereum dropped below the $1,500 level. Rising fears of economic slowdown continue to haunt the riskier assets.

All the top crypto tokens were trading lower during the early hours on Tuesday. Polygon plunged over 9 per cent, whereas Avalanche and Shiba Inu tumbled 7 per cent each. Ethereum and Solana dropped 6 per cent each.
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The Shiba Inu team launched a burn portal to help address the issue of the massive supply of SHIB tokens As of June 29, 2022, more than 400 trillion tokens have been burned to cap supply

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The global cryptocurrency market cap was trading lower at the $966.86 billion mark, dropping more than 4 per cent in the last 24 hours. However, the total cryptocurrency trading volume jumped close to 18 per cent to $75.16 billion.


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    Updated: 07/26/2022 — 03:00