Crypto Price Today: Bitcoin below $23,500; Dogecoin, Shiba Inu tumble 6-7%

economictimes.indiatimes.com:

Bitcoin, the largest cryptocurrency by market capitalisation, slipped 2.99 per cent to $23,425 in the last 24 hours, taking its seven-day losses to 4.66 per cent.Ethereum declined 3.83 per cent to $1846.50. This crypto has fallen 2.4 per cent in the last seven sessions. BNB tanked 4.45 per cent to $306.97. Cardano plunged 6.68 per cent while XRP declined 3.22 per cent. Solana, Dogecoin, Polkadot and Shiba Inu plunged 7-8 per cent.

Did you Know?

Meta's digital wallet service Novi will no longer be available for use after September 1. The Facebook parent, which is shutting down its Novi pilot project less than a year after starting it, ‘strongly advised’ users to withdraw their money from Novi.

The global cryptocurrency market cap was trading at the $1.12 trillion mark, falling as much as 3.28 per cent in the last 24 hours. The total trading volume was up 11 per cent at $70.81 billion.Cryptocurrencies in newsA Bloomberg report suggested that South Korea is planning to block domestic access to foreign cryptocurrency exchanges that lack the proper registration to operate in the country and could launch a probe into the companies. An intelligence unit of the Financial Services Commission has reported 16 foreign crypto businesses to the nation’s investigative body and asked other agencies to block access to the firms’ local websites, the report suggested quoting a statement. The European Central Bank (ECB) said it would harmonise how banks offer crypto assets to ensure they have enough capital and expertise in a sector some European Union lawmakers have described as the Wild West. Several crypto companies like Binance and Crypto.com have been authorised in EU countries such as Italy, France, Spain,