Crypto Price Today: Bitcoin below $22K; Solana, Shiba Inu tank up to 8%

economictimes.indiatimes.com:

BTC volume in the last 24 hours rose 6.97% to $30.86 billion. Its market cap was around $421.65 billion, with a dominance of about 41.46%, according to CoinMarketCap. «The crypto market cap slipped by almost 3% after fresh regulatory concerns spooked investors across the globe. The latest developments at Kraken and SEC had an immediate impact on the digital assets as BTC dropped below the $22,000 level and Ethereum lost its key support level at $1,600,» Shivam Thakral, CEO of BuyUcoin, said. Top crypto tokens traded lower. Solana fell 8%. Shiba Inu, Polkadot, Dogecoin and Cardano were also trading with cuts.

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The volume of all stablecoins stood at $62.08 billion, 83.18% of the total crypto market. «The latest market update for the BTC/USDT Spot on a 1-hour time frame shows a bearish sentiment, with the price currently trading below the key support level of 21600-400. The second support level can be found at 21200. The resistance levels are located at 22300-400 and 22500. The Relative Strength Index (RSI) is currently in the oversold range at 25, which suggests that the market is heavily selling off at this time,» Rajagopal Menon, VP at WazirX, said.

Chaturvedi, Crypto Ecosystem Lead at CoinSwitch said, «Macro conditions remain murky with strong US job numbers suggesting that the economy is still operating close to capacity and reversal in inflation trajectory might not yet be confirmed. In