top of page

Bitcoin struggles to hold $26,500; Ethereum trades above $1,550; Altcoins mixed

Bitcoin and other crypto tokens were struggling on today as the buyers remained on the sidelines despite a strong rally in the equity market and a fall in a bond-yields. The US PPI for September was a bit stronger than expectations, while US Fed's minutes showed most expect another round of rate hikes to complete the current tightening cycle. Bitcoin was seen in the falling trajectory as the largest crypto token dropped about a per cent but managed to hold $26,500-levels. Ethereum was also seen in red. The global cryptocurrency market cap was trading lower, dropping to $1.05 trillion-mark, as it declined less than half-a-per cent in the last 24 hours.

Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!


bottom of page