Top cryptocurrency prices today: Bitcoin, Shiba Inu, Solana, Dogecoin, Ethereum fall up to 9%

economictimes.indiatimes.com:

The correction in altcoins was steeper and sharper compared to the larger tokens. The rising cost of energy and disruption in the supply chain is hurting the sentiments further. All of the major crypto tokens were in the red on Tuesday. Solana and Shiba Inu dived about 9 per cent each, whereas Cardano and Dogecoin shed 8 per cent each. Terra fell 7 per cent, followed by Ethereum which declined 6 per cent.

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The global cryptocurrency market cap tumbled to $1.83 trillion, dropping as much as 6 per cent in the last 24 hours. However, total cryptocurrency trading volume increased by almost 58 per cent to $101.03 billion.What's cooking in IndiaCrypto trading volumes of India’s major exchanges have nosedived since April 1, the day a new tax on crypto profits came into effect, according to data collected by Crebaco, a cryptocurrency research firm. In other news, multiple Indian political and governmental entities had their Twitter accounts compromised over the past three days, with non-fungible token-related content posted on their feeds.Expert takeEdul Patel, CEO and Co-founder of Mudrex said that Bitcoin and Ethereum have lost nearly 6 per cent to trade below $40,000 and $3,000, respectively. «Most cryptocurrencies also sank significantly over the past day. The situation could be attributed to the rising inflation levels and economic declines across the world,» he added. Bitcoin has fallen below $40,000, its first support. Now, its next support level is at $37,500. It is approaching the oversold levels, which may lead to a brief