1 min read.Updated: 01 May 2022, 10:51 AM ISTLivemint
The global cryptocurrency market capitalization today is at $1.8 trillion, a 2.8% drop in the last 24 hours
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Bitcoin received beating on US Fed's hawkish stance on interest rate hike in the upcoming US Fed meeting on May 2-3, 2022. Among top 10 cryptocurrencies Bitcoin, Ethereum, Solana, Shiba Inu, Dogecoin, etc. received heavy beating in last 24 hours, with Bitcoin moving towards further drop since January as rising borrowing rates reduce investors' appetite for riskier assets.