Crypto Price Today Live: Bitcoin breaches $23,000; Dogecoin and Shiba Inu drop up to 12%

Synopsis

Bitcoins slipped below the $23,000 mark amid the anticipation of further rate hikes. Even for Ethereum, the merge excitement got done and dusted. Experts see a range-bound movement in the days ahead.

New Delhi: Crypto market continued to bleed on Friday as investors assessed the minutes of the US Fed meeting.

Bitcoins slipped below the $23,000 mark amid the anticipation of further rate hikes. Even for Ethereum, the merge excitement got done and dusted. Experts see a range-bound movement in the days ahead.

Shiba Inu plunged 12 per cent, whereas Avalanche and Dogecoin dropped 10 per cent each. Cardano and Polkadot declined 8 per cent each.

The global cryptocurrency market cap was trading lower at the $1.08 trillion mark, dropping as much as 2 per cent in the last 24 hours. However, the total trading volume tumbled over 7 per cent, close to $64.81 billion.

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Meta’s digital wallet service Novi will no longer be available for use after September 1. The Facebook parent, which is shutting down its Novi pilot project less than a year after starting it, ‘strongly advised’ users to withdraw their money from Novi.

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    Updated: 08/19/2022 — 03:00