The market is trading in red today, as most of the significant coins see a decline. Investors are currently exercising caution when it comes to investing in riskier assets, primarily due to concerns surrounding mounting macroeconomic issues, which have been exacerbated by higher-than-anticipated inflation rates.

The global crypto market cap stands at 1.07 trillion USD, a decrease of 0.36% over the past day. The total crypto market volume in the last 24 hours increased by 28.36% and is currently at 45.38 billion USD.

The second largest crypto, Ethereum price today dropped by 0.51% in the last 24 hours. The market cap for Ethereum is 199.31 billion USD. Moreover, trading volume increases by 14.87% over the previous 24 hours. Each ETH token is trading for 1,628 USD, holding on to the support level of 1600.

(By Shourya Jha)

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