Crypto Price Today Live: Bitcoin falls below $22,400; Solana, XRP shed up to 3%

economictimes.indiatimes.com:

cryptocurrency markets were trading in the red on Monday. Bitcoin (BTC) fell 0.39% to $22,352, while Ethereum (ETH) was below the $1,600 level. BTC volume stood at approximately $13.3 billion, rising 0.46% in the last 24 hours. «Over the weekend, most cryptocurrencies remained in red as market participants attempted to digest the latest news over Silvergate. In the past 24 hours, Bitcoin's value has fluctuated between US$22,500 and US$22,600, representing a 1% decline. However, traders and investors anticipate positive economic data from China, expected to be released this week, which might help them return to the market,» Edul Patel, Co-founder and CEO at Mudrex, said. Other top crypto tokens were also trading lower. Solana declined by 3.3%. Dogecoin, Litecoin, Cardano and XRP were also trading with cuts. The global cryptocurrency market cap was trading lower around $1.02 trillion, falling 0.87% in the last 24 hours. The total volume in DeFi is currently 3.37 billion, 11.85% of the total crypto market 24-hour volume. The volume of all stablecoins is now $25.24 billion, which is 88.7% of the total crypto market 24-hour volume.

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The market cap of Bitcoin, the world's largest cryptocurrency, was around $431.72 billion. Bitcoin’s dominance is currently 42.34%, an increase of 0.21% over the day, according to CoinMarketCap. «The crypto market is still recovering from the Silvergate fiasco as BTC, the world’s