Crypto Price Today LIVE: Dogecoin, Shiba Inu, Solana, XRP shed up to 7%

economictimes.indiatimes.com:

Bitcoin comfortably held above the $20,00 mark. The crypto winter feel is haunting traders across the globe. This, coupled with recession fears and inflationary pressures further cemented risk-off sentiments. All crypto tokens were trading with cuts on Tuesday. Dogecoin plunged 7 per cent, whereas Solana and XRP dropped 6 per cent each. Shiba Inu and Polkadot declined 5 per cent each, whereas Cardano tanked 4 per cent.

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The global cryptocurrency market cap was trading at $925.44 billion mark, dropping as much as 3 per cent in the last 24 hours. However, the total cryptocurrency trading volume declined more than 2 per cent to $55.98 billion.Expert takeBitcoin, Ethereum and most cryptocurrencies started this week in the red. Bitcoin consolidated following gains seen over the weekend, said Edul Patel Co-Founder CEO of Mudrex. «However, BTC is still close to the recent high. If buyers can hold above the $20,500 key level, we may see a bounce back soon. The selling pressure has also come down, indicating that bears are not powerful enough in the market,» he added. Markets continued to chop and oscillate sideways over the last 24 hours in what was a relatively lacklustre trading session. Indecision in the markets persisted, in view of weak economic showing and traders trying to bottom fish, said CoinDCX Research Team. «While undesired, the recent crypto market turmoil could potentially be a positive for the industry by helping weed out bad actors and projects with poor fundamentals,» it added.Global updates