Major cryptocurrencies bled on Monday, thanks to a strong inflow of negative updates across the globe. Investors turned cautious over another meltdown in the crypto cart.
Barring stablecoins, eight out of top 10 cryptocurrencies were trading lower at 9.30 hours IST. Solana tanked as much as 12 per cent, whereas Cardano and XRP gave up over 8 per cent each.
The global crypto market cap tanked up to 6 per cent to $2.02 trillion compared to the last day. However, the total crypto market volume gained as much as 4 per cent to $91.91 billion.
In the meantime, US officials are examining possible insider trading and market manipulation at Binance, Bloomberg News reported, potentially adding more heat to the cryptocurrency exchange that has become a target of regulatory scrutiny in many countries.