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Bitcoin holds $26,000; Ethereum nears $1,690; Altcoins trade mixed

Bitcoin and other crypto tokens were nursing their wounds today amid the volatility in the riskier asset class. The ongoing week looks slow for cryptocurrencies due to few macroeconomic updates. After a flat and dull trade, the market is looking for signals to take a direction. After the recent bout of weakness, Bitcoin was back in buying momentum as the largest crypto token surged about a per cent to hold above $26,000-levels. Markets are currently dealing with the rate hike concerns and rising treasury yields, said Shubham Hudda, Senior Manager. The global cryptocurrency market cap was trading slightly higher, rising to $1.05 trillion-mark, as it rose about a per cent in the last 24 hours.

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