Crypto Price Today Live: Bitcoin holds above $24,400; Shiba Inu, Polygon rise up to 5%

economictimes.indiatimes.com:

cryptocurrency markets were trading higher on Thursday. Bitcoin (BTC) fell 1.21% to $24,407, whereas Ethereum (ETH) was above the $1,650 mark. BTC volume in the last 24 hours stood at approximately $29.04 billion, falling 17.78% in the last 24 hours. «The crypto market was a little jittery after FOMC minutes showed that inflation and recession threats are still real. BTC and other digital assets were in red after the discouraging minutes of the FOMC meeting but the market quickly digested the impact and recovered. It will be interesting to see if central banks will continue their hawkish stance or relax monetary policies in the coming weeks,» Shivam Thakral, CEO of BuyUcoin, said. Other top crypto tokens were also trading higher on Thursday. Shiba Inu surged 5%. Solana, Cardano, Polygon, and BNB were also trading with gains. The global cryptocurrency market cap was at around $1.11 trillion, rising 1.26% in the last 24 hours. The total volume in DeFi is currently 7.42 billion, 12.12% of the total crypto market 24-hour volume. The volume of all stablecoins is now $55.47 billion, which is 90.69% of the total crypto market 24-hour volume.

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The market cap of Bitcoin, the world's largest cryptocurrency, was around $471.03 billion. Bitcoin’s dominance is currently 42.44%, a decrease of 0.01% over the day, according to CoinMarketCap. «Major market indicators continue to point to a neutral sentiment. The Relative