New Delhi: Crypto tokens continued to slide on Monday, extending their weekend losses. However, the fall in crypto tokens was limited.
Traders are keenly awaiting the latest US consumer price index reading, expected Wednesday. The report could influence market expectations over the Federal Reserve’s next move, at a meeting later this month.
Barring Solana and Shiba Inu, all other crypto tokens were trading in the red. Cardano dropped 2 per cent, whereas Unus Sed Leo tumbled up to a per cent.
The global cryptocurrency market cap was trading lower at the $916.63 billion mark, dropping as much as 3 per cent in the last 24 hours. However, the total cryptocurrency trading volume dropped marginally to $54.18 billion.