Crypto Price Today: Bitcoin falls below $26,300, Ethereum, Litecoin shed up to 3%

economictimes.indiatimes.com:

cryptocurrency markets were trading in the red on Thursday amid concerns over US debt ceiling talks as a critical deadline nears without an agreement. Bitcoin (BTC) fell 1.88% to $26,241, whereas Ethereum (ETH) was below the $1,800 level. BTC volume in the last 24 hours stood at approximately $16.19 billion, rising 30.23% in the last 24 hours. «Most cryptocurrencies traded in red as investors worried over rising concerns over the U.K. inflation on one side and the U.S. debt ceiling stalemate developments on the other. The release of the most recent FOMC minutes later in the day, showing U.S. central bankers divided on a continuation of interest rate hikes, did little to boost market confidence,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading lower on Thursday. Litecoin declined nearly 4%. Cardano, BNB, Polkadot and Shiba Inu were also trading lower. The total volume in DeFi is currently 2.45 billion, 6.88% of the total crypto market 24-hour volume. The volume of all stablecoins is now $33.26 billion, which is 93.22% of the total crypto market 24-hour volume.

Did you Know?

SAP has launched a new enterprise on the Metaverse with the aim of accelerating cloud adoption among Indian firms. The interactive and immersive ‘cloud on wheels’ platform will enable customers to experience the full range of SAP’s offerings and reimagine processes for improved business outcomes.

The global cryptocurrency market cap was trading higher around $1.10 trillion, falling 1.73% in the last 24 hours. The market cap of Bitcoin, the world's largest cryptocurrency, was around $508 billion. Bitcoin’s dominance is currently 46.15%, a decrease of 0.1% over the day, according to CoinMarketCap.