Crypto Price Today Live: Bitcoin falls below $21,800; m-cap drops below $1 trillion

economictimes.indiatimes.com:

cryptocurrency markets were trading mixed on Thursday after hawkish comments from Federal Reserve Chair Jerome Powell raised the possibility of further large rate hikes to tackle inflation. Bitcoin, Solana and Polygon were trading with cuts, whereas BNB, XRP and Shiba Inu were trading with gains. The global cryptocurrency market cap was trading lower around 996.91 billion, falling 0.93% in the last 24 hours. «The crypto market cap slipped below the $1 trillion mark as the US central bank sent strong signals about tackling inflation through strict monetary policies and rate hikes. Hawkish monetary policies may decrease the liquidity in the market in the coming weeks which may result in further price falls,» Shivam Thakral, CEO of BuyUcoin, said. “The dip in the prices will offer a buying opportunity to seasoned investors based on their risk appetite,” Thakral added.

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.

Bitcoin (BTC) fell 1.24% to $21,751, whereas Ethereum (ETH) was below the $1,550 level. BTC volume in the last 24 hours stood at approximately $21.68 billion, falling 10.01% in the last 24 hours. The total volume in DeFi is currently 3.68 billion, 8.50% of the total crypto market 24-hour volume. The volume of all stablecoins is now $39.04 billion, which is 90.12% of the total crypto market 24-hour volume. The market cap of Bitcoin, the world's largest cryptocurrency, was around $420 billion. Bitcoin’s dominance is currently 42.12%, a decrease