Crypto Price Today: Bitcoin falls below $31,200; Litecoin, Shiba Inu tank up to 7%

economictimes.indiatimes.com:

cryptocurrency markets were majorly trading lower for the third straight day on Friday. Bitcoin (BTC) declined 1.46% to $30,155, whereas Ethereum (ETH) was below the $1,900 level. «Despite the slight selling pressure in the last 24 hours, the global crypto market capitalization continues to remain above $1.2 trillion. The crypto fear and greed index, too, continues to remain in the greed zone with a score of 55/100, down 1 point from yesterday,» Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, said. «This selling pressure could be attributed to stronger-than-expected employment data in the US ADP private employment report. This could increase the possibility of another interest rate hike by the feds, which is driving the investor sentiment away from risk-on assets,» Part added.

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The global cryptocurrency market cap was trading lower, around $1.17 trillion, declining 1.76% in the last 24 hours. The total volume in DeFi is currently 2.73 billion, 5.87% of the total crypto market 24-hour volume. The volume of all stablecoins is now $43.21 billion, which is 92.78% of the total crypto market 24-hour volume. The market cap of Bitcoin, the world's largest cryptocurrency, was around $586 billion. Bitcoin's dominance is currently 49.97%, an increase of 0.32% over the day, according to CoinMarketCap. Meanwhile, BTC volume in the last 24 hours stood at approximately $22.5 billion, rising 75.03% in the