Over the previous day, the global crypto market cap has expanded by close to 5 percent and is again at $2 trillion. While the volume in the space saw a decline by 9 percent over the period with volume tumbling to $90.28B.
Meanwhile, most major cryptos are trading in the green, with Bitcoin the most popular and top token by market cap trading with gains of over 3 percent at $42.47K. Meanwhile, of the top 20 crypto assets as compiled by Coindesk, Polkadot and Polygon, led the gains gaining 10% and 16%, respectively.
As per Coindesk data, the digital asset has lost more than 39 percent of its value since reaching record high near $69K on November 10. The relentless fall has come off on Fed's hawkish stance amid the inflationary pressure. The move hence resulted and drove investors to less risky assets.