Based on the performance of major tokens, the global crypto market cap stood at $813.10 billion, an increase of 0.41% in the last 24 hours. The total crypto market volume has increased by 20.54% compared to the previous day and stands at $29.17 billion.
Stronger-than-expected macroeconomic data spurred traders to sell, amid the Federal Reserve's battle to get inflation down via hawkish monetary policy. This led to all three major U.S. equity indices falling by at least 1%, in sharp contrast to cryptos.
Dogecoin (DOGE) enjoyed a 6.50% increase in the last 24 hours, rising to a market cap of $10.538 billion. It’s trading volume is seeing a rise of 140.08% and each DOGE token costs 0.07828 USD at the time of writing
To set the tone for the market, Bitcoin was up by 0.02% in the last 24 hours, while Ethereum saw a hike of 0.88% in the same time frame.BNB dipped by 0.42% in the last 24 hours amid the ongoing FUD surrounding Binance. Ripple (XRP) and Polygon (MATIC) have increased by 1.81% and 1.48% respectively.