New Delhi: Crypto market was trading higher even as the Federal Reserve reiterated plans to keep ratcheting interest rates higher to tamp down soaring inflation.
Geopolitical worries capped the gains for the digital market as US congresswoman Nancy Pelosi visited Taiwan which infuriated China. The world’s second-largest economy warned of ‘targeted’ military operations.
Top crypto tokens were trading higher on Wednesday. Uniswap rallied about eight per cent, whereas BNB, Polygon, Polkadot and Avalanche surged four per cent each. However, Solana plunged about five per cent.
The global cryptocurrency market cap was trading higher at $1.07 trillion mark, adding close to two per cent in the last 24 hours. However, the total trading volume dropped more than seven per cent, close to $70.41 billion.
Solana opened their first IRL retail store and web3 embassy, the store is called Solana spaces. Its initial location is in the Hudson Yards retail area, said WazirX Trade Desk.