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Bitcoin below $26,000; Ethereum breaches $1,600; Altcoins trade lower

Bitcoin and other crypto tokens were struggling this morning as traders got spooked by the potential selling pressure from bankrupt exchange FTX. Bitcoin was struggling to hold gains as the largest crypto token inched up marginally but remained below $26,000-levels. Ethereum dropped about 2 per cent to fall below $1,600-mark. Barring a few exceptions, all top crypto tokens were trading lower today. XRP dropped more than 3 per cent, while Polkadot declined over 2 per cent. Polygon, Litecoin, Shiba Inu and BNB were among the other key laggards. The total trading volumes surged as much as 65 per cent to $35.17 billion.

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