New Delhi: The cryptocurrency markets were trading mixed on Thursday after the consumer price inflation in April rose at a slower-than-expected pace. Cardano, Solana, and Polkadot were trading with gains, while Bitcoin, Ethereum, and Polygon were trading with cuts.Bitcoin (BTC) declined 0.37% to $27,537, whereas Ethereum (ETH) was below the $1,850 level. Meanwhile, BTC volume stood at approximately $20.82 billion, rising 53.29% in the last 24 hours. The volume of all stablecoins is now $41.56 billion, which is 90.13% of the total crypto market 24-hour volume.The market cap of Bitcoin, the world's largest cryptocurrency, was around $533 billion. The Stochastic %K (14, 3, 3) at 21 and the Average Directional Index (14) at 18 indicate a Neutral outlook as well.

Source: Economic Times May 11, 2023 20:07 UTC