Bitcoin holds $26,000; Ethereum nears $1,600; Polygon falls 3%

Bitcoin and other crypto tokens were struggling today as the hints of higher rates for a prolonged period dented the market sentiments. Bitcoin was back in the downward trajectory as the largest crypto token declined about half-a-per cent but managed to hold above $26,000-levels. However, its largest peer, Ethereum, inched up slightly on the similar lines but could not race-past $1,600-mark. Barring a few exceptions, all top crypto tokens were trading lower today. Polygon dropped about 3 per cent, while Toncoin and Solana declined more than 2 per cent each. The global cryptocurrency market cap was trading slightly lower, falling to $1.05 trillion-mark.

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