Crypto wrap: RBI MPC unlikely to impact global crypto prices, say experts

The Reserve Bank of India (RBI), on Friday, hiked the repo rate by 50 basis points for the second consecutive time to 5.4 per cent

The cryptocurrency market traded flat in the last week, even as major cryptocurrencies traded in the red. The market capitalisation stayed above $1 trillion. However, major digital tokens like Bitcoin and Ethereum fell by over 3.5 per cent.

On Friday at 4 PM, Bitcoin had the highest market cap and was trading at $23,157, over 3.6 per cent below the price seven days ago. However, in the last 24 hours, it gained over 1 per cent.

Ethereum, the second largest cryptocurrency, was trading at $1,661, 2.27 per cent up in the last 24 hours. However, in the last seven days,