India, Feb. 18 -- Cryptocurrencies declined in the past 24 hours as markets grappled with the LIBRA token scandal and the outflows from digital asset investment products. The hardening in bond yields amidst the volatile trade tariff environment as well as the uncertain monetary policy outlook also weighed on sentiment.
Crypto markets have been impacted by the collapse of the LIBRA token, a Solana-based meme coin endorsed by Argentine President Javier Milei. The team behind the private project that launched the token had claimed that it would be dedicated to encouraging the growth of the Argentine economy by funding small Argentine businesses and startups. The token's price soared to $1.03 and collapsed to $0.123 in a matter of a few hours ...