Top cryptocurrency prices today: Bitcoin, Ethereum, Dogecoin, Shiba Inu drop up to 6%

economictimes.indiatimes.com:

cryptocurrency market was trading lower on Friday, thanks to the sharp selloff in the US markets over inflation concerns and hawkish tone of US Fed. Barring the dollar pegged USD Coin and Avalanche, all eight out of the top-10 digital tokens were trading lower on Friday. Shina Inu, Solana and Terra dropped 6 per cent each. The global crypto market cap dropped more than 3 per cent to $2.01 trillion mark. On the other hand, the total crypto market volume zoomed 50 per cent to $114.22 billion.

Did you Know?

Sunny Leone took the lead among Indian actors to secure her digital assets when she broke the news about her association with NFT, two months back. This made her the first Indian actress to mint NFTs

What's Cooking in IndiaPrivate crypto assets or virtual digital currencies are a major threat to macroeconomic and financial stability of a country, Reserve Bank of India (RBI) governor Shaktikanta Das said at press conference. “I have said that investors are their own judge. It is my duty today to tell investors that while betting on cryptos, they should be mindful that they are investing at their own risk. Cryptocurrencies have no underlying (value), not even a tulip,“ Das said. The Indian crypto community, in reaction to central bank governor Shaktikanta Das' statement that private cryptocurrencies are a big threat to India's financial and macroeconomic stability, has said crypto assets could help unlock the country's innovation, job-creation and economic potential.Expert TakeBitcoin dipped in the past 24 hours. The downward trend could be related to the fall of US stocks following hawkish remarks by the Federal Reserve. BTC is close to meeting the overbought level, said Edul Patel, CEO and