New Delhi: The crypto market slipped in the early trading hours on Thursday. Bitcoin Barely above the $20,000 level, the pain in the altcoin was severe.

Fears of a slowdown in the global economy and rising inflationary pressures are weighing on the sentiments of the digital token market.

Excluding Yunus Said Leo, which gained nearly 4 percent, and Memecoins dogecoin And Shiba InuAll other crypto tokens were trading in the red on Thursday.

among the losers, solana Nearly 8 per cent fall, while Polkadot is down more than 6 per cent. Ethereum and BNB each lost 5 percent, and bitcoin was also in the red.

The global cryptocurrency market capitalization was trading at the $892.72 billion mark, falling over 2 percent in the past 24 hours. However, total cryptocurrency trading volume increased by more than 11 percent to $62.65 billion.

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