Top cryptocurrency prices today: Shiba Inu, Bitcoin, Dogecoin, Ethereum drop up to 2%

economictimes.indiatimes.com:

Bitcoin and other major altcoins were showing some weakness on Monday, following a thinner trading period for the last three days. Bitcoin was struggling below $40,000, whereas Ethereum lingered near $3,000. Trading over the long weekend was light as investors continue to process rising inflation, the possibility of a recession and the latest developments from Russia's unprovoked invasion of Ukraine. Barring Solana and USD Coin, all other crypto tokens were trading lower on Monday. XRP, Cardano, Terra, Dogecoin and Shiba Inu shed 2 per cent each, whereas Ethereum and Bitcoin retreated about a per cent each.

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The global cryptocurrency market cap was trading lower at $1.85 trillion mark, declining little more than a per cent in the last 24 hours. However, the total cryptocurrency trading volume zoomed over 21 per cent to $60.32 billion.What's cooking in India?Several cryptocurrency exchanges are facilitating peer-to-peer (P2P) deals while some platforms are directly accepting deposits from coin buyers to overcome curbs imposed by banks and payment companies amid the Reserve Bank of India (RBI) voicing its reservations on virtual digital assets. Indian crypto exchanges CoinSwitch Kuber and WazirX have disabled rupee deposits for the purchase of cryptocurrency through a widely-used state-backed transfer network, spurring users to renew demands for regulatory clarity.Expert's take«Terra bought 2,508 BTC, taking their total holdings to 42,406. They are on track to reach their goal of $3 billion,» said WazirX Trade Desk. The largest