Crypto Price Today: Bitcoin nears $20,000; Solana, Shiba Inu gain

economictimes.indiatimes.com:

Traders are keenly awaiting the latest US consumer price index reading, expected Wednesday. The report could influence market expectations over the Federal Reserve's next move, at a meeting later this month. Barring Solana and Shiba Inu, all other crypto tokens were trading in the red. Cardano dropped 2 per cent, whereas Unus Sed Leo tumbled up to a per cent.

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In the wake of the crypto market crash, the prices of hardware used to support the mining of crypto assets are also falling dramatically. For example, a high-end graphic card is now almost 45% cheaper compared to its price a few months ago.

The global cryptocurrency market cap was trading lower at the $914.16 billion mark, dropping more than 3 per cent in the last 24 hours. Meanwhile, the total cryptocurrency trading volume dropped 5 per cent to $53.46 billion.What's cooking in IndiaCrossTower is partnering with Ripple, a leader in enterprise blockchain and crypto solutions, to add NFTs minted on the XRP Ledger, the ultra-fast, low-cost and carbon-neutral blockchain, to the CrossTower NFT marketplace. The marketplace enables developers to quickly onboard NFT projects by giving them access to infrastructure including wallets, payments, liquidity support, and more, accelerating time-to-market for projects.Expert takeBitcoin has been in a consolidation phase, trading between the range of $17,500 and $22,500 since almost a month. The global macros are not looking that great, while the whole world is on the verge of entering a recession, said WazirX Trade Desk. «Kenya has shown the fastest growth in crypto adoption. As per United Nations, 8.5 per cent of Kenya’s population, or 4.25 million individuals, possess digital currencies,