Crypto Price Today Live: Bitcoin below $22K; Polygon, XRP shed up to 3%

economictimes.indiatimes.com:

cryptocurrency market was trading mixed on Monday. Ethereum, XRP, Cardano and Polygon were trading with cuts, while Bitcoin, BNB, Dogecoin and Tron were trading with gains. Bitcoin (BTC) rose 0.10% to $21,840, whereas Ethereum (ETH) was below the $1,550 level. BTC volume in the last 24 hours stood at approximately $19.34 billion, rising 27.24% in the last 24 hours. The market cap of BTC was around $421.47 billion, with a dominance of about 41.52%, according to CoinMarketCap. «Bitcoin traded below the US$22,000 level over the weekend after the U.S-based Kraken exchange halting its staking service and paying a penalty of US$30 million to the SEC for not registering the service. Currently, BTC appears bearish and is trading close to its support level of US$21,770. If the situation persists, it is possible for BTC to continue declining towards US$21,500 by the end of the week,» Edul Patel, Co-founder and CEO at Mudrex, said.

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The volume of all stablecoins was at $38.93 billion, which is 91.23% of the total crypto market 24-hour volume. «The macroeconomic factors are swinging the prices across the crypto market which include regulatory uncertainty and higher-than-expected December consumer prices. The next FOMC meeting is the next big event for the digital asset market for which investors are eagerly waiting,» Shivam Thakral, CEO of BuyUcoin, said. Sathvik Vishwanath, Co-Founder & CEO of Unocoin, said «the