Top cryptocurrency Prices Today: Ethereum, Solana, Polkadot, Avalanche drop up to 5%

economictimes.indiatimes.com:

According to minutes of their last meeting, released Wednesday, US Federal Reserve officials indicated that they would have to raise interest rates by 0.5 per cent in each of their next two meetings. Barring stablecoins Tether and Tron, major crypto tokens were trading lower on Thursday. Avalanche tanked over 5 per cent, followed by a 4 per cent drop in Solana and Polkadot each. Ethereum shed 3 per cent.

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Asia’s first crypto exchange-traded fund (ETF) could be launched in India’s GIFT City this year by Torus Kling Blockchain

The global cryptocurrency market cap was trading lower at the $1.26 trillion mark, dropping more than 2 per cent in the last 24 hours. However, the total cryptocurrency trading volume declined as much as 4 per cent to $69.12 billion. What's cooking in India Cryptocurrency portfolio tracking and tax compliance platform CoinTracker on Wednesday announced its foray into the Indian market. The company's move also comes against the backdrop of the government mandating a 30 per cent taxation on such transactions with effect from April 1. Expert take Fed’s recent openness to being nimble when it comes to economic policies saw the equities markets rising this morning although crypto remains very much rangebound, said CoinDCX Research Team. «A lack of economic catalysts and persisting inflation has led many to believe that a recession is around the corner, with funds cautious and conservative in their deployment of further capital,» it added. Market corrections may not always necessarily be negative — they can also be healthy in resetting market valuations and investor expectations within a longer-term market advance. Darshan Bathija, Co-Founder and CEO, Vauld, said