Crypto Price Today: Bitcoin slips below $19K; XRP, Ethereum, Solana tank up to 11%

economictimes.indiatimes.com:

The rising fears of economic recession, interest rate hikes and strength in dollar are hurting the riskier assets, including cryptos. All top crypto tokens were trading sharply lower on Wednesday. XRP plunged 11 per cent, whereas Bitcoin, Ethereum, Solana and Polkadot dropped 7 per cent each. Cardano and Polygon were 6 per cent down each. The global cryptocurrency market cap was trading sharply lower at $911.80 billion, dropping more than 5 per cent in the last 24 hours. However, the total trading volume zoomed over 16 per cent, close to $94.45 billion.

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Jobs in crypto, blockchain, and NFTs have grown by 804% in India between April 2020 and April 2022 according to a report by Indeed

Expert takePopular altcoins witnessed a significant dip in their values as the broader selloff in the Asian markets created selling pressure across crypto assets, said Mahin Gupta, Founder, Liminal. «The rise of the dollar is putting further pressure on the sovereign currencies around the globe and investor focus is shifting away from high-risk assets and they are parking their money in safe investment avenues in anticipation of better times,» he added.Global UpdatesRario, a licensed cricket digital collectibles platform, announced South African Fast Bowler Lungi Ngidi, and batter Temba Bavuma’s exclusive partnership with the platform to launch their own non-fungible tokens (NFTs). Luxury auction house Christie’s is launching an on-chain platform for non-fungible token (NFT) art, becoming the first global auction to facilitate fully on-chain sales. The California Department of Financial Protection and Innovation filed cease-and-desist orders against 11 little-known crypto firms Tuesday, alleging they were