Floki Inu Soars to New Heights in the Cryptocurrency Market
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2022-05-09 | Selina Mathew
New Delhi: Major cryptocurrencies fell sharply on Monday, continuing the weekend sell-off in these coins. The prospect of a rapid increase in interest rates continues to weigh on cryptocurrency markets. Sluggish economic development is also hurting the digital cart's popularity.
All major crypto tokens and altcoins were trading down, with the exception being the dollar-pegged stablecoins USD Coin and Tether. Terra was down 6%, while Avalanche was down 5%. Ethereum and Shiba Inu dropped 4%.
The worldwide cryptocurrency market capitalization was trading at $1.53 trillion, down nearly 3% in the previous 24 hours.
Synopsis
The worldwide cryptocurrency market capitalization was trading at $1.53 trillion, down nearly 3% in the previous 24 hours. The overall cryptocurrency trade volume, on the other hand, increased by 14% to $98.63 billion.
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