Crypto Price Today: Bitcoin holds $21,000; BNB, Solana, Shiba Inu rise up to 5%

economictimes.indiatimes.com:

Bitcoin was able to hold the $21,000 mark, to which it plunged after disappointing inflation numbers in Europe. Top crypto tokens were trading higher on Monday. BNB rose more than 5 per cent, whereas Solana, Shiba Inu and Polygon gained 3 per cent each. Dogecoin was the only altcoin in red. The global cryptocurrency market cap was trading marginally higher at the $1.02 trillion mark, rising more than a per cent in the last 24 hours. However, the total trading volume tumbled over 18 per cent, close to $59.37 billion.

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Meta's digital wallet service Novi will no longer be available for use after September 1. The Facebook parent, which is shutting down its Novi pilot project less than a year after starting it, ‘strongly advised’ users to withdraw their money from Novi.

What's cooking in IndiaIndian crypto exchanges want the government to put in place a comprehensive regulatory framework to help them protect investors better and combat money laundering and anti-terrorist financing. They have been racked by ED raids, collapsing asset prices, and dipping volumes. While Indian lawmakers have put in place an aggressive taxation policy, a proper crypto regulation is still in the works.Expert takeThe weekend was very bearish for crypto markets globally. Friday and Saturday saw massive drops in popular crypto prices. This has taken the prices to the lowest of the entire August month, said Sathvik Vishwanath, Co-founder and CEO, Unocoin. «Sunday saw stabilisation in prices but sentiment failed to turn bullish,» he added.Global updatesThe much-anticipated upgrade of Ethereum will create new participants called builders in the blockchain ecosystem, a move that risks altering the power structure of