Crypto Price Today Live: Polygon, Polkadot, Shiba Inu, Ethereum drop up to 12%

economictimes.indiatimes.com:

Signs of economic slowdown on the back of muted manufacturing data in several countries and fresh escalation in the geopolitical worries between the US and China dented the sentiments. Trading volumes also remained light. All the top crypto tokens were trading lower on Tuesday.

Polkadot plunged 10 per cent, whereas Polygon tanked six per cent. Ethereum, Avalanche and Solana dropped 4-5 per cent each. The global cryptocurrency market cap was trading lower at $1.05 trillion mark, dropping more than three per cent in the last 24 hours.

However, the total trading volume jumped about eight per cent, close to $76.49 billion.What's cooking in India The Atal Incubation Centre at Goa Institute of Management (AIC-GIM Foundation) and GirlScript, a non-profit organisation, have collaborated to organise the ‘agnostic web 3.0 conference’ in Goa from August 12-14 this year. According to an official, technologies of the future, including blockchain, global policies on NFTs and cryptocurrency, foray into metaverse, growth-hacking and more will be discussed and deliberated upon during the three-day conference.Expert's take Bitcoin is trading marginally lower with increased market volatility. The bearish sentiment appears to have started after bulls were unsuccessful in holding Bitcoin above the $23,000 level, said Edul Patel, CEO and co-founder, Mudrex.