Crypto Price Today: Bitcoin barely holds $20,000; Solana, Avalanche plunge up to 13%

economictimes.indiatimes.com:

Fresh liquidations from the riskier assets hurt investor sentiments, with major crypto assets testing their major support levels. The latest rebounds were short-lived and choked in a jiffy, thanks to bleak sentiments. Barring the stablecoins, all of the crypto tokens were in trading lower on Friday. Polkadot plunged 13 per cent, whereas Solana, Ethereum and Avalanche tumbled over 10 per cent each. Bitcoin, meanwhile, barely held about $20,000. It was down about 8 per cent.

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The global cryptocurrency market cap was trading at the $893.91 billion mark, dropping 7 per cent in the last 24 hours. However, total cryptocurrency trading volumes plunged about 40 per cent to $75.92 billion.What's cooking in IndiaTop cryptocurrency exchanges including CoinSwitch Kuber, WazirX and CoinDCX have written to the Unified Payments Interface (UPI) manager, the National Payments Corporation of India (NPCI), to restore UPI services for crypto players and discuss the regulator's concerns regarding UPI usage for trade in cryptocurrencies. The exchanges wrote to NPCI last month after it issued a statement —following US-based crypto exchange Coinbase’s launch in April — that it was not aware whether UPI – a key digital payments railroad – was being used for crypto transactions.Expert takeBitcoin, Ethereum, and most cryptocurrencies, fell tracking losses in the US equity markets. The oldest crypto is down sharply, whereas the volumes have taken a big hit, said Edul Patel, CEO and Co-founder, Mudrex. «If traders are determined, it may fall below the current level