bitcoin price today: 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

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

Bitcoin $20,820 -2.28%
Ethereum $1,528.21 -3.66%
Tether $1 -0.02%
USD Coin $1 -0.01%
BNB $290.51 -4.29%
XRP $0.3833 -1.17%
Dogecoin 0.08104 -8.08%
Cardano $0.3323 -5.56%
Polygon $0.946 -6.30%
Polkadot $5.77 -4.75%
Tron $0.05957 -4.16%
Litecoin $83.68 -4.54%
Shiba Inu $0.000012 -11.21%
Solana $21.44 -7.54%

(Note: Price changes in last 24 hours)

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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