Crypto wrap: Expect high volatility as inflation still a worry, say experts

Volatility in the crypto market comes at a time when the share markets too were showing high volatility, globally

The crypto market remained flat in the last 7 days. The total market capitalisation (m-cap) slipped marginally from $1.04 trillion on August 19 to $1.03 trillion on Friday. Bitcoin, the largest cryptocurrency by m-cap, was down nearly 2 per cent as compared to August 19 and was trading at $21,446, according to data from coinmarketcap.com.

Ethereum, the second largest cryptocurrency, was down nearly 5 per cent in the same period and was trading at $1,661. Some other coins like XRP and Shibu, however, made gains during the last 7 days.

"Ripple (XRP) and Shiba Inu (SHIB), highlighted a surge in