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Top cryptocurrency prices today: Ethereum, Solana and Terra tank up to 6%

Top cryptocurrency prices today: Ethereum, Solana and Terra tank up to 6%
Written by publisher team

New Delhi: The cryptocurrency market continued to slide on Friday with lower volumes, following weak sentiment in riskier asset classes.

Excluding the stablecoins pegged to the dollar and cardano, the other seven of the top 10 cryptocurrencies were trading lower at 9:00 AM ET. Solana, Ethereum, and Terra shares fell between 4 and 6 percent each, while Cardano held small gains.

The global cryptocurrency market cap has fallen by more than $2.04 trillion per cent compared to the previous day. The total size of the crypto market jumped about 14 percent to $101.89 billion.

What is cooked in India?
Polytrade Finance, a decentralized finance (DeFi) lending platform that provides working capital to real-world small and medium-sized businesses using crypto-liquidity, announced Thursday its listing on cryptocurrency exchange CoinDCX.

Gurukula Kangri, considered a university by UGC, has partnered with WazirX to offer a free course in blockchain technology. This bilingual course will be freely available in Hindi and English to anyone with an internet connection.

expert opinion
“While Bitcoin and Ethereum continue to struggle, other cryptocurrencies such as Cardano, Dogecoin and Shiba Inu are slightly up. Decentraland and Cosmos have seen an uptick in the past 24 hours, which is good,” said Idol Patel, co-founder. and CEO, Modrex.

“But the reasons behind the fall of two major cryptocurrencies can be attributed to various factors such as uncertainty about the Covid variable, inflation and fear of regulation. This trend may continue for a few more days,” he added.

Global Updates
The government of El Salvador has proposed 20 bills for the legal and financial framework for Volcano Bonds, a $1 billion Bitcoin bond issue. The government has said that the Bitcoin bonds will finance the construction of the proposed Bitcoin City.

Cryptocurrencies fell sharply after the US Federal Reserve released minutes from its December meeting in which the central bank indicated that it might start raising interest rates to tackle stubbornly high inflation.


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