Bitcoin dropped marginally but held the $17,000 mark and Ethereum was steady above the $1,250 mark. Investors continued to weigh economic indicators suggesting the U.S. central bank still had work to do on the inflation front.
Barring the Solana, all other top crypto tokens were trading marginally lower. Litecoin and Dogecoin tanked 3% while Cardano and Shiba Inu shed about a per cent each.
The global cryptocurrency market cap was trading flat around $855 billion, with no major change in the last 24 hours. The total trading volume tanked more than 9% to $35.71 billion.
Global updates
Goldman Sachs plans to spend tens of millions of dollars to buy or invest in crypto companies after the collapse of the FTX exchange hit valuations and dampened investor interest.
Crypto wallet maker Ledger has partnered with Tony Fadell, the well-known creator of Apple’s iPod and the co-founder and former CEO of thermostat company Nest, to create its Ledger Stax hardware wallet.
Sam Bankman-Fried has retained high-profile defense attorney Mark Cohen, reported Reuters, citing confirmation from Bankman-Fried’s spokesperson Mark Botnick.
Chainlink, a provider of price feeds and other data to blockchains, has introduced staking of its native token LINK to its network to help keep the protocol secure.
ConsenSys, the company behind the MetaMask crypto wallet, said that it will release a series of updates to the platform in response to user backlash regarding its data-collection practices.
Tech view from BuyUcoin cryptocurrency exchange
Just a day after the APE foundation opened staking for its native token Apecoin (APC), its value surged by over 4% in the last 24 hours. Apecoin staking witnessed an inflow of $30 million on the first day which has created a positive sentiment around the coin.
Since staking is still under regulatory scrutiny in various countries including the US, the expert advised investors to remain cautious and wait for some clarity on the regulatory front. The future growth momentum of APC will largely depend on macroeconomic factors surrounding the global financial markets.
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