After a positive adjustment, the cryptocurrency market was trading mixed on Thursday as sentiment improved and inflation concerns plagued global investors. Traders buy keywords at lower levels.
The top five digital tokens traded higher, while the same number of crypto tokens traded at a 9.30 IST discount. XRP and Polkadot led the winners, while the decline was limited.
The global crypto market has risen by about 2 percent to $ 2.63 trillion compared to the last day. However, the total value of the crypto market has risen by about 16 percent to $ 125,53 billion
Over the past day, Bitcoin has steadily declined below $ 60,000 to its lowest level in about three weeks amid a sharp decline in cryptocurrensets as concerns over US taxes and China's continued deterioration deteriorate.
Sentiment continues to remain strong, and many believe that this adjustment is a function of market cycles and other important economic development priorities in the US and China.
After many cryptos broke their highest level last week, it seems to have begun to improve since the beginning of this week. At these levels, several assets look attractive, and this can be seen as a result of volumes, says the ZebPay Trade Desk.
"Solana and Bitcoin are leading the way and seeing big influences as investors (both stores and centers) appear to be accumulating this asset to benefit in the late autumn," he added. "ETH, DOT, and AVAX also follow
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