Crypto Price Today Live: Bitcoin breaches $19K; Ethereum, Shiba Inu & Dogecoin tank up to 11%

Synopsis

The global cryptocurrency market cap was trading significantly lower at $909.80 billion, dropping as much as 7 per cent in the last 24 hours. However, the total trading volume zoomed about 45 per cent, close to $69.53 billion.

New Delhi: Crypto markets continued to extend their losses on Monday, with all eyes on the US Fed meeting outcome.

Bitcoin plunged below the $19,000 mark, whereas Ethereum sank 10 per cent, barely holding $1,300 levels. Some experts believe that Ethereum’s merge was not undertaken at an opportune time.

All top crypto tokens are trading in deep red. Ethereum, Polygon, Shiba Inu, Cardano and Avalanche plunged 10-11 per cent. Dogecoin, Solana, XRP and Polkadot plunged 7-9 per cent.

The global cryptocurrency market cap was trading significantly lower at $909.80 billion, dropping as much as 7 per cent in the last 24 hours. However, the total trading volume zoomed about 45 per cent, close to $69.53 billion.

Did you Know?

Jobs in crypto, blockchain, and NFTs have grown by 804% in India between April 2020 and April 2022 according to a report by Indeed

View Details »
Global Updates
The European Central Bank chose five organizations to help develop user interfaces for a potential digital euro. The organizations include Amazon and the European Payments Initiative.

Two Sigma Ventures announced plans to invest $400 million across two new venture capital funds, confirming that crypto investments will be included, reported some crypto publications.

An accounting bug at Binance has led to a windfall in Helium Network’s native HNT token for some users and shouldered the world’s largest crypto exchange with a multimillion-dollar shortfall, according to people familiar with the matter.

In stark contrast to the mostly flawless execution of the Ethereum Merge, technical snafus and defections have marred the new “fork” blockchain by crypto miners aiming to preserve the old proof-of-work network.

Print EditionPrint EditionMonday, 19 Sep, 2022Experience Your Economic Times Newspaper, The Digital Way!Read Complete Print Edition »

  • Front Page
  • Pure Politics
  • Companies
  • ET Markets
  • More
    • Bad Bank Plans to Buy 18 A/cs by October 31Bad Bank Plans to Buy 18 A/cs by October 31

      National Asset Reconstruction Company of India Ltd (NARCL), the bad bank promoted by the government, is preparing to acquire 18 distressed accounts totalling ₹39,921 crore by October 31, said two people aware of the development.

      Sebi Focus on PE, VC Funds with Small Club of InvestorsSebi Focus on PE, VC Funds with Small Club of Investors

      Private equity (PE) and venture capital (VC) funds holding money of five or fewer investors have drawn the attention of the capital market regulator.

      Young TCS Employees Stay Put at HomeYoung TCS Employees Stay Put at Home

      Tata Consultancy Services (TCS) is grappling with the continued unwillingness of the majority of its millennial employees to return to the workplace, even as the company is keen to end the work-from-home arrangement which was put in place in he wake of the outbreak of the Covid-19 pandemic in early 2020.

    Source

    Updated: 09/19/2022 — 03:00

    Leave a Reply