Crypto Price Today: Bitcoin tanks below $29,100; Litecoin, Solana shed up to 5%

economictimes.indiatimes.com:

«Bitcoin surged to US$30,000 yesterday after the positive developments from Fitch downgrade of U.S Treasurys and Microstrategy plan to purchase more bitcoin. However, soon after a news website wrote about Binance could face US fraud charges, BTC immediately started to drop,» Edul Patel, Co-founder and CEO at Mudrex, said. «Currently, it is trading above the US$29,100 level. On the other hand, institutional investors await the US SEC's decision on the approval of a Bitcoin Spot ETF. Despite the excitement surrounding Litecoin's halving event, the coin's value plummeted by more than 5% in the last 24 hours. In the same timeframe, Uniswap's token also experienced a significant decline of over 7.8%,» he added. Bitcoin (BTC) fell 2% to $29,030, meanwhile, its largest peer, Ethereum, was also trading lower and declined below the $1,850 level.

Did you Know?

SAP has launched a new enterprise on the Metaverse with the aim of accelerating cloud adoption among Indian firms. The interactive and immersive ‘cloud on wheels’ platform will enable customers to experience the full range of SAP’s offerings and reimagine processes for improved business outcomes.

Other top crypto tokens, BNB, XRP, Dogecoin, Solana, Polygon and Litecoin were also trading lower on Thursday. The total volume in DeFi is currently $2.98 billion, 8.96% of the total crypto market 24-hour volume. The volume of all stablecoins is now $31.25 billion, which is 93.91% of the total crypto market 24-hour volume. Meanwhile, the global cryptocurrency market cap was trading lower, around $1.16 trillion, falling 1.57% in the last 24 hours. The market cap of Bitcoin, the world's largest cryptocurrency, was around $563 billion. Bitcoin's dominance is currently