Top cryptocurrency prices today: Bitcoin, Ethereum, BNB gain up to 3%; Dogecoin, Shiba Inu fall – Economic Times

New Delhi: Major crypto tokens were showing mixed trends on Friday as behemoths rose, whereas other altcoins dropped marginally. The crypto markets are facing high volatility following earnings from tech megacaps, rising inflation, monetary policy tightening and unsettling economic data.

Barring top tokens like Bitcoin, Ethereum and BNB, which gained about 1-3 per cent, all other major crypto tokens were trading with minor losses on Friday. Avalanche dropped 5 per cent, followed by a 4 per cent fall in Terra.

The global cryptocurrency market cap was trading at $1.80 trillion, marginally down in the last 24 hours. However, the total cryptocurrency trading volume zoomed about 14 per cent to $95.54 billion.

Even in the boiling summers, Indian crypto exchanges are going through rough and prolonged winters, thanks to a major slump in their trading volumes, since the new regulations around virtual digital assets (VDAs) have been applied.

"A similar trend is likely to persist for coming one or two days. The second-largest crypto, Ethereum, is also trading on similar lines, showing a minor rise. In contrast, most cryptocurrencies have been running in the red over the past day," he added.

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Top cryptocurrency prices today: Bitcoin, Ethereum, BNB gain up to 3%; Dogecoin, Shiba Inu fall - Economic Times