New Delhi: Crypto market was trading lower on Thursday as Bitcoin snapped a four-day winning streak to drop below the $23,000 mark.
Markets were awaiting July inflation numbers for the US. The inflation numbers will share cues of the Federal Reserve’s intensity over the rate hikes in the coming days.
All the top crypto tokens were trading lower on Thursday. Solana plunged 7 per cent, whereas Polkadot and Ethereum dropped 6 per cent each. Polygon and Cardano shed 5 per cent each.
The global cryptocurrency market cap was trading lower at the $1.08 trillion mark, dropping as much as 4 per cent in the last 24 hours. However, the total trading volume plunged almost 8 per cent, close to $68.63 billion.