bitcoin: Crypto price today: Bitcoin has $19k; XRP, Solana, Dogecoin lost up to 5%

After a quick recovery over the weekend, the crypto market was back in the red on Monday, reminiscent of the sad days of September, when inflation and recession worries hurt markets the most.

Bitcoin held the $19,000 mark, while Ethereum fell below the $1,300 mark. Cryptos tracked stock markets, which moved glumly amid rising fears.

Top crypto tokens traded mostly lower on Monday. Apart from the stablecoins, BNB and Tron were the only altcoins in green. XRP plunged over 5 percent, while Etheruem, Cardano, Solana, Dogecoin and Avalanche lost 2 percent each.

The global cryptocurrency market capitalization traded marginally lower at $928.34 billion, falling about one percent over the past 24 hours. However, total trading volume zoomed as much as 24 percent, close to $45.24 billion.

What is cooking in India

Amidst the current global economic downturn, crypto exchange WazirX has reportedly laid off 40 percent of its workforce. A total of 50 to 70 employees out of the 150 workers at the switchboard were asked to leave, IANS reported, citing sources.

Global updates

Uzbekistan now requires licensed crypto companies in the country to pay monthly fees that will mostly go to the state budget, an official document published.

Crypto exchange Binance has registered as a financial services provider in New Zealand and launched Binance New Zealand, according to an emailed statement.

Adam Todd, founder of crypto futures and spot market exchange Digitex, has been charged by the Commodity Futures Trading Commission with multiple violations of the Commodity Exchange Act.

Crypto investment firm Paradigm led an $11.8 million funding round in Blowfish, a firewall vendor that wants to help Web3 firms combat cyberattacks that can often plague their products and services.

Technology company MicroStrategy is looking to recruit a software engineer to build a Lightning Network-based software-as-a-service (SaaS) platform.

Technical Analysis of Proassetz Exchange

After a breakout of $6.60 and moving out of the range zone, the link may increase to the upside. Currently a good support zone at $.6.60 and $7 is active. The resistance level is around $8.00 and $8.65. Any break above that could lead to $9.50. Still, a strict support level of $6 is important

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