Cryptos Trade In Green; Bitcoin Priced At Rs. 30.14 Lakh

Crypto prices continue to be under pressure post the Fed's commentary this week in its latest meeting where they mentioned that the inflationary levels shall not go down to pre-Covid levels in the near term.

Cryptos Trade In Green; Bitcoin Priced At Rs. 30.14 Lakh

Already under the downward trajectory, the market continues to face pressure. As of writing this copy at around 10:23 pm (IST), as per Coinmarketcap.com, total market cap of the global crypto market stands at $1.71 trillion. This is a significant slide from a market cap of over $2 trillion.

Nevertheless, there is seen positive momentum and of the 20 top assets compiled by Coindesk, 19 trade in the green, with the highest gains of close to 6 percent on Filecoin, while the one in the red is Cosmos (ATOM) down by 0.88%. Bitcoin the largest crypto is even trending higher with gains of close to 1 percent at $37,486.

In an exclusive interview to a leading publication, Nitin Kamath of Zerodha made a remark on gold that if the crash in cryptos gain further momentum than gold will again start to gain appeal.

Also, Payment company Visa mentioned that the entity's customers made significant payments worth $2.5 billion using the crypto-linked cards during the first fiscal quarter of 2022.

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