Cryptocurrency prices today: Bitcoin falls to one-week low, other tokens also fall

The world’s largest and most popular cryptocurrency fell more than 4% to $21,069. The global cryptocurrency market capitalization today was back above $1 trillion, although it was down more than 5% in the past 24 hours to $1.01 trillion, according to CoinGecko.

“Bitcoin started the week on a lower note. It fell below the $22,000 level on Monday as sentiment in the crypto market turned bearish. This could be due to the uncertainty surrounding the upcoming Federal Open Market Committee meeting, which could affect prices in the market. A decisive move during the current level could take BTC to $19,000, but if buying interest increases, we could see BTC trading at $23,000 soon, said Edul Patel, CEO and co-founder of crypto investment platform Mudrex.

On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, fell more than 7% to $1,418. Meanwhile, dogecoin price today traded nearly 4% lower at $0.06, while Shiba Inu also fell over 7% to $0.000010.

Other crypto prices performance today also fell as XRP, Solana, BNB, Litecoin, Stellar, Chainlink, Tron, Apecoin, Avalanche, Polkadot, Polygon, Tether, Uniswap prices traded with cuts in the last 24 hours.

Rising interest rates and high-profile meltdowns such as that of crypto hedge fund Three Arrows Capital have battered digital tokens this year. Bitcoin is down 55% during the period. The unrest is leading to ever greater regulatory oversight of the industry.

Meanwhile, Coinbase Global Inc is facing a US Securities and Exchange Commission (SEC) investigation into whether it improperly allowed Americans to trade digital assets that should have been registered as securities, Bloomberg News reported on Monday. The investigation by the SEC’s enforcement unit precedes the agency’s investigation into an alleged insider trading scheme that was disclosed last week.

(With input from agencies)

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