photo Bitcoin falls below $20,000 as Avalanche and Polygon drop by up to 10%

Bitcoin falls below $20,000 as Avalanche and Polygon drop by up to 10%

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– Crypto tokens were trading lower on Monday after a sharp fall seen over the weekend.
– The total crypto market cap slipped below the $1 trillion mark again as the US Fed vowed to continue the monetary hawkishness adopted earlier this year.
– Bitcoin fell below $20,000 on Sunday as part of a wider cryptocurrency-market retreat, amid concern about the Federal Reserve’s rate-hike path.
– Barring BNB, all other top tokens were trading in the red on Monday.
– The global cryptocurrency market cap was trading lower at the $951.77 billion mark, falling as much as 2 per cent in the last 24 hours.
– Unocoin CEO Ashish Singhal said “we are fully cooperating” with the Enforcement Directorate, two days after searches at five locations by the financial crimes agency.
– A pioneering software entrepreneur believes his nearly five-year-old blockchain company has found a way to open the $1.2 trillion diamond market to a wider group of investors.
– Grayscale Investments LLC has been fielding questions from the US Securities and Exchange Commission over the firms ‘securities law analysis’ of tokens in some of its less-popular crypto trusts.
– After trading within a flag pattern for 2 months, BTC has given a breakdown below it after which, it has faced a 7 per cent fall.

photo Bitcoin falls below $20,000 as Avalanche and Polygon drop by up to 10%

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