crypto tokens were trading sideways on Thursday as investors fretted over new job figures and OPEC oil cuts.Bitcoin held above the $20,000 mark, whereas Ethereum was seen marching towards the $ 1,400 mark again. However, economic factors including inflation and recession are likely to guide the riskier assets in the near term. Barring the US dollar-pegged stablecoins and Shiba Inu, all other top crypto tokens were trading higher on Thursday. XRP zoomed more than 4 per cent, whereas Ethereum, Avalanche and Polkadot gained a per cent each. The global cryptocurrency market cap was trading marginally higher at $972.12 billion, rising less than a per cent in the last 24 hours. However, the total trading volume dropped over one per cent to $59.92 billion.
Did you Know?
SAP has launched a new enterprise on the Metaverse with the aim of accelerating cloud adoption among Indian firms. The interactive and immersive ‘cloud on wheels’ platform will enable customers to experience the full range of SAP’s offerings and reimagine processes for improved business outcomes.
View Details »What's cooking in IndiaMany wealthy Indians are paying in cryptocurrencies to buy properties in Dubai, with leading realtors in the emirate accepting the digital coins to cut deals. Such transactions, though perfectly kosher in Dubai, which wants to position itself as the world's crypto capital, can come back to haunt the property owners, most of whom are unmindful of the regulatory and legal pitfalls aheadExpert takeThe first week of October started with some positive movement in the world of cryptocurrency, said Prashant Kumar CEO and Founder of weTrade. «With indication of a less aggressive tightening on inflation by the Federal Reserve, the market is
Read more on economictimes.indiatimes.com