Crypto Price Today Live: Bitcoin below $23k; Solana, Polygon shed over 5%

economictimes.indiatimes.com:

cryptocurrency market was trading in the red on Monday. Bitcoin (BTC) fell 2.7% to $22,753, whereas Ethereum (ETH) was just below the $1,650 level. BTC volume in the last 24 hours stood at approximately $20.29 billion, rising 30.19% in the last 24 hours. «BTC slipped below the $23,000 level but stabilized on Sunday while Ether is exchanging hands at the $1627 level. The investors are still in a wait-and-watch mode as they are looking forward to the Fed chief’s comments this week. Fed chief has indicated that the war against inflation is not over and aggressive policy action is expected to continue,» Shivam Thakral, CEO of BuyUcoin said. The global cryptocurrency market cap was trading lower around $1.06 trillion, falling 2.39% in the last 24 hours. The total volume in DeFi is currently $5.31 billion, 10.86% of the total crypto market 24-hour volume. The volume of all stablecoins is now $42.41 billion, which is 86.72% of the total crypto market 24-hour volume.

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.

The market cap of Bitcoin, the world's largest cryptocurrency, was around $438.85 billion, with a dominance of about 41.55%, according to CoinMarketCap. «Following BTC's quick expansion, the markets experienced a number of short-term ranges, which were then followed by additional upward momentum. Last Sunday, BTC had higher than typical volatility as the markets tried to break above the range. This attempt was unsuccessful because it quickly fell