Most of the top 10 cryptos, including Bitcoin, Ethereum, Binance, XRP, Solana, Cardano, Avalanche and Terra lost value in the last 24 hours while the global cryptocurrency market cap crashed by over 6 per cent over the last day to $1.76 trillion.
Jennifer Lu, Cofounder at Coinstore said, “The global financial markets are once again spooked by the rising number of covid cases in various parts of the globe.
In international news, the Bank of Canada Chief has said that the Canadian dollar will remain at the centre of the country’s financial system, Reuters reported.
“There are promising benefits from innovation in the financial sector.
In the corporate corner, Abu Dhabi Global Market has licenced the Kraken group to operate a regulated virtual asset exchange platform in the financial free zone, Reuters reported.