Crypto Price Today Live: Bitcoin Hits $19K; Dogecoin, XRP and Shiba Inu lost up to 4%

New Delhi: The crypto market remained fragile after a muted weekend. That said, the majority of tokens were trading in the green during early hours. Bitcoin held the $19,000 mark during the session.

An expected rate hike of 75 basis points at next month’s Federal Open Market Committee (FOMC) meeting and continued US central bank hawkishness through the end of the year already seems rooted in investors.

The majority of crypto tokens traded higher on Monday, but the upside was limited. Avalanche rose around 2 percent and Ethereum rose more than one percent. XRP fell around 4 percent and memecoins also fell.

The global cryptocurrency market capitalization traded flat at $919.83 billion, marginally higher in the last 24 hours. However, total trading volume jumped more than 16 percent to $76.2 billion.

What is cooking in India
Gaming company PlayCKC has raised $200K in the seed round led by Freeflow Venture Builders. The team is currently evaluating the possibilities around NFTs as in-game rewards and redemption.

Originally launched for cricket, where the number of predictions has skyrocketed to more than 9,35,000, the fan-focused betting platform plans to bring in live soccer betting during the FIFA World Cup later this year.

Global updates
The unrelenting crypto winter has continued to hit every corner of the industry, forcing some of the biggest players to temper their growth ambitions. A number of crypto companies are working to stay afloat.

Bitcoin gaming and payment company ZEBEDEE announced the launch of its ‘No Big Deal’ non-profit organization that aims to promote open source development for Bitcoin.

Decentralized exchange (DEX) Uniswap will soon deploy on privacy-focused layer 2 utility zkSync following the completion of a governance vote.

Crypto exchanges LocalBitcoins, Crypto.com and Blockchain.com have notified their Russian users that their services will soon be discontinued and recommended that users withdraw money from their accounts.

Tech View of Giotto’s Crypto Platform
After all the ups and downs due to the CPI numbers, Bitcoin has once again maintained its crucial support zones of $19,000, $18,600 and $17,000.

After a weekly close above $19,000, Bitcoin generally looks good in its range zone. A pullback buy could be seen with a breakout above $22,000 which is likely to lead to further upside moves.

(Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial advisor before taking any position in the asset(s) mentioned.)