Crypto Price Today: Bitcoin hovers near $24,000; BNB, Polkadot, Uniswap drop up to 2%

economictimes.indiatimes.com:

Bitcoin breathed below $24,000, whereas Ethereum held at the $1,900 mark ahead of its much-awaited merge buzz. The crypto industry's latest indignities included a report that India regulators were investigating at least 10 crypto exchanges for allegedly assisting foreign firms to launder money via crypto. Among the top crypto tokens, Solana and Avalanche plunged four per cent each, whereas Cardano, Polkadot, Polygon, BNB and Bitcoin dropped three per cent each. Only Ethereum was trading in green on Friday. The global cryptocurrency market cap was trading marginally down at $1.15 trillion mark, dropping less than a per cent in the last 24 hours. However, the total trading volume topped more than four per cent, close to $84.03 billion.

Did you Know?

Crypto hedge fund Three Arrows, which managed an estimated $10 billion of assets as recently as March 2022, has filed Chapter 15 bankruptcy in New York, USA while a liquidation is being carried out in the British Virgin Islands

What's cooking in India The Enforcement Directorate probe into alleged money laundering by crypto exchange WazirX and the subsequent squabbling among its promoters has revealed the 'darker side' of cryptocurrencies, a top government source said to PTI. The source added that people should exercise caution in absence of a regulation to govern cryptocurrencies and so-called exchanges trading in them. TheED has been investigating allegations of money laundering against WazirX. The Enforcement Directorate froze assets worth Rs 370 crore of cryptocurrency exchange Vauld. This comes just days after the financial probe agency froze assets of crypto exchange WazirX in connection with a money laundering probe.Expert's take The Crypto