Crypto Price Today Live: Bitcoin slips below $21,000; Shiba Inu, Dogecoin drop up to 11%

New Delhi: The cryptocurrency market was trading in the red on Thursday following the US crackdown on the Bitzlato exchange.

Bitcoin (BTC) fell 2.28% to trade below $21,000, whereas Ethereum (ETH) declined 3.66% to $1500 level.
BTC volume in the last 24 hours stood at approximately $29.9 billion, rising 21.89%.
Other top crypto tokens were trading lower on Thursday.

Shiba Inu dropped by 11.21%. Dogecoin, Solana, Polygon and Binance Coin were also trading with cuts.
“Most cryptocurrencies saw a decline as the market reacted to the U.S crackdown on the Bitzlato exchange on Wednesday.

Although Bitcoin rose above its resistance at US$21,480, it could not sustain the gains which might attract profit-booking by short-term traders.

If it can rise above $21,400, it may attract buyers and push the price up further,” Edul Patel, CEO and Co-Founder of Mudrex said.

“On the other hand, Ethereum managed to surpass its resistance at $1,600 but failed to close above it.

Its immediate support is now at $1,490 and its resistance is at $1,550,” Edul added.
The global cryptocurrency market cap was trading higher around $968.79 billion, down 2.81% in the last 24 hours.
The total volume in DeFi is currently $5.06 billion, 8.40% of the total crypto market 24-hour volume.

The volume of all stablecoins is now $54.33 billion, which is 90.19% of the total crypto market 24-hour volume

The market cap of Bitcoin, the world’s largest cryptocurrency, hovered around $401.1 billion, with a dominance of about 41.39%, an increase of 0.24% over the day, according to CoinMarketCap.

Crypto Cart: Quick Glance (Source: coinmarketcap.com, data as of 11.34 hours, IST on January 19, 2023)

BY:ET

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