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Crypto analysts warned that pressure from the Federal Reserve’s monetary tightening isn’t likely to fade anytime soon to tame the inflationary pressure.\n<\/p>\n
Over the weekend, Bitcoin<\/a> traded between $17,000-$16,500 levels. Ethereum slipped below the $1,200 mark.\n<\/p>\n Barring BNB and the US dollar-pegged Tether, all other top crypto tokens were in the red on Monday. XRP<\/a> plunged about 3%, whereas BNB gained 3%. Dogecoin<\/a>, Shiba Inu<\/a> and Tron were the other top losers.\n<\/p>\n The global cryptocurrency market cap was trading lower, holding $800 billion, after slipping marginally in the last 24 hours. The total trading volume dropped about 16% to $22.26 billion.<\/p>\n Global updates Now that Sam Bankman-Fried\u2019s fall from grace is complete, uneasiness is growing around the dominance that his rival Changpeng Zhao\u2019s Binance holds in the cryptocurrency market.<\/p>\n Mazars, the auditing firm working with Binance and other crypto exchanges on proof-of-reserves statements, has paused all work for crypto clients, Binance said in an emailed statement and reported by various media outlets.<\/p>\n Bitcoin dropped below $17,000 and several altcoins posted significantly steeper declines as concern increases that the digital-asset market’s woes are far from over.<\/p>\n The former US President Donald Trump\u2019s non-fungible token (NFT) digital trading card collection sold out. According to data from OpenSea, the collection\u2019s trading volume is 900 ETH, or about $1.08 million.\n<\/p>\n <\/p>\n<\/div>\n
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