Crypto Price Live: Dogecoin, Avalanche, Cardano, Polkadot Shed Up To 5% – Uptobrain

Today, we have brought you a news that might not be good to hear but since this is our job to let you know of the latest updates related to the prices in the crypto market. The global market of the cryptocurrency has been falling every since it has started falling in this month. The recent trends were also not showing good indication and the trading prices were lower on this Monday. This had worried them that the inflation and the slowdown of the economy might become a big problem in the near future.

The rising inflation is already a problem for hte world economy and now it might even become a provlem for the coming times in the crypto and financial market as well. The slowdown of the global economy seems to be appearing again and the experts have been worrying that it can cause a lot of probelms in the market. The high risk high return assets are going to be much less wanted since the market has been a lot unstable at this time.

The index for the crypto fear and greed has risen in the last days and it is expected to rise even further. This means people are now wary of the risks and will not be taking any investment that they are unsure of. The fear is only because of the instability of the market. People have set their eyes on the US Federal Reserve’s monetary policy meeting that is going to be held this week. They are expecting that there will be some relief that are going to be provided to the market and some steps to stabilise the market will be taken.

The tokens that were traded lower in the early monday have been all the top tokens and have been taking a plunge in the market. Prices of Dogecoin and Avalanche have also fallen by 5% for each, whereas the price for Cardano and Polkadot have dropped by the 4%. Even the global market cap for the cryptocurrency had been traded at a low price of $1.01 trillion which is a drop of almost 2% in the previous 24 hours. The only thing that saw a rise of 4% was the trading volume that closed at $62.64 billion.

The only hope for the investors in the market is that the policy meeting that is going to betaking place will be providing some relief in the market and the inflation will be taken into account as well.