Cryptocurrency prices on October 22: Bitcoin falls over 2% to $67,700; Shiba Inu, NEAR Protocol drop up to 4%

economictimes.indiatimes.com:

cryptocurrency market cap, which now stands at approximately $2.34 trillion over the past 24 hours.

As of 12:04 pm IST, Bitcoin was down 2%, trading at $67,731, while Ethereum fell 3.2% to $2,654.

Several other prominent cryptocurrencies saw declines, including BNB (-1.6%), Solana (-1.2%), XRP (-1.2%), Dogecoin (-1.3%), Toncoin (-2%), Avalanche (-2.7%), Shiba Inu (-3.5%), and NEAR Protocol (-4.3%).

«Bitcoin has dipped over 2% as investors move toward profit-taking. After reaching a peak of $69,300, BTC is now trading around $67,500. It appears the bulls are pausing after a week-long rally, likely gearing up for another surge as the U.S. elections get closer. Bitcoin’s support level has dropped to $67,100, with resistance now standing at $68,200,» said Edul Patel, CEO of Mudrex.

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Vikram Subburaj, CEO of Giottus, said, «Bitcoin has hit a temporary snag with a ~2% pullback today along with notable outflows from its ETFs. However, the asset continues to consolidate above its support threshold of $66,000 with the RSI and MACD supporting a