Crypto Price Today Live: Bitcoin trades below $20,000; Ethereum, Solana, Shiba Inu gain marginally

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14.07.2022 - 14:35

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economictimes.indiatimes.com:

Barring the US dollar pegged USD Coin and XRP, all other major crypto tokens were trading in the green, but with limited gains in the last 24 hours. Ethereum, Solana, Shiba Inu and Unus Sed Leo gained a per cent each. The global cryptocurrency market cap was trading lower at the $870.34 billion mark, dropping close to two per cent in the last 24 hours. However, the total cryptocurrency trading volume gained about 4 per cent to $55.52 billion.

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In the wake of the crypto market crash, the prices of hardware used to support the mining of crypto assets are also falling dramatically. For example, a high-end graphic card is now almost 45% cheaper compared to its price a few months ago.

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Expert takeBitcoin's prices continue to fluctuate and the price action seems to be stuck in a sideways pattern, said WazirX Trade Desk. There has been a significant increase in demand for Bitcoin hardware wallets in Russia, it added. «In other news, 75 per cent of Bitcoin nodes have enabled taproot, which brings additional security, scalability, privacy, and smart contract functionality to the Bitcoin network,» WazirX said.Global updates

Celsius Network, the troubled crypto lender, fully paid off its debt on the decentralized finance (DeFi) protocol Aave, freeing up collateral through a maneuver almost identical to one it conducted last week on the rival protocol Maker. Troubled crypto lender Celsius Network is 'deeply insolvent,' alleged the US state of Vermont’s Department of Financial Regulation (DFR), noting that the lender lacks the assets and liquidity to honor its obligations. At its height, Voyager Digital boasted 3.5 million users (roughly what Coinbase boasted in 2015) and $5.9 billion in assets, Read more on economictimes.indiatimes.com

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