Crypto Price Today Live: Polygon, Avalanche, Shiba Inu, Ethereum shed up to 9%

economictimes.indiatimes.com:

The total market capitalization of the crypto space again slipped below the $1 trillion mark, with Bitcoin barely holding on to the $21,000 level while Ethereum dropped below the $1,500 level. Rising fears of economic slowdown continue to haunt the riskier assets. All the top crypto tokens were trading lower during early hours on Tuesday. Polygon plunged over 9 per cent, whereas Avalance and Shiba Inu tumbled 7 per cent each. Ethereum and Solana dropped 6 per cent each.

Did you Know?

The Shiba Inu team launched a burn portal to help address the issue of the massive supply of SHIB tokens As of June 29, 2022, more than 400 trillion tokens have been burned to cap supply

The global cryptocurrency market cap was trading lower at the $968.77 billion mark, dropping more than 4 per cent in the last 24 hours. However, the total cryptocurrency trading volume jumped close to 16 per cent, close to $75.97 billion.What's cooking in IndiaCommunity-led investing platform for cryptocurrencies, Crypso, has raised $3 million in seed funding. The company will use the fresh round of funding to grow its user base and increase the breadth of product offerings and technology. Investors including Hashed Emergent, Athera Venture Partners (formerly Inventus), Better Capital, Whiteboard Capital, Polygon founders Sandeep and Jaynti, Kunal Shah of CRED, and other angel investors participated in the funding round.Expert takeBitcoin started the week on a bearish note falling below the $22,000 level, confirming the weak buyer sentiment. If Bitcoin falls below the current level, it may decline to $19,000, said Edul Patel, CEO and co-founder, Mudrex. «The second largest cryptocurrency, Ethereum, was seen testing the $1,400