Crypto Price Today: Bitcoin holds $17k; Dogecoin, Ethereum and Solana gain up to 4%
Bitcoin held the $17,000 mark, whereas Ethereum was marching towards the $1,300 mark. The Federal Open Market Committee would likely raise interest rates 50 basis points instead of continuing its current diet of 75 bps.
The global cryptocurrency market cap was up as much as 2% in the last 24 hours at $866 billion. The total trading volume jumped about 9% to $33.10 billion.
What’s cooking in India
Zero collateral crypto platform ByteX has launched of a non-custodial setup that allows users to choose between an exchange wallet or Metamask wallet to store their digital assets amidst the FTX collapse.
While the market absorbs the hit, ByteX along with several other projects is working to regain the lost faith and keep their wheels on track.
Hardware wallet startup Cypherock which kicked off in 2019, has raised $1 million from a number of industry leaders. It is building the world’s first hardware wallet without a seed phrase.
The list of participants including Consensys Mesh, Infinite Capital, Gnosis, Stefan George (Gnosis), Sandeep Nailwal (Polygon), Mahin Gupta (Zebpay & Liminal), OrangeDAO, Prasanna Sankar (Rippling), Furqan Rydhan amongst others.
Analysts and investors are struggling to call a bottom in crypto stocks in the wake of a brutal month that ended with the head of BlackRock Inc. saying most digital-asset firms won’t survive.
FTX’s digital currency futures and clearing house LedgerX is up for sale and has attracted interest from crypto firms including Blockchain.com, Gemini, Bitpanda and Kalshi, Bloomberg reported on Friday, citing sources.
Core Scientific, Bitfarms and Genesis Digital Assets are among miners that have direct and indirect exposures to the fallout.
The crypto exchange’s subsidiary has confirmed Japanese customer funds will remain separate from the ongoing bankruptcy proceedings in the US.
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