![\"Bitcoin](\"https:\/\/akm-img-a-in.tosshub.com\/indiatoday\/images\/story\/202207\/6SAMNTRT7VOPROLBF6PSNBNXIU_6_1200x768.jpeg?X_Iw1KANT_1I_VNFkcRj_1YNy00RZDpC&size=770:433\" "\\"Bitcoin")
<\/div>\nBitcoin price was down.<\/p>\n<\/div>\n
HIGHLIGHTS<\/h2>\n\n- Most cryptocurrencies dipped over the weekend<\/li>\n
- Bitcoin has been down by nearly 4 per cent<\/li>\n
- Dogecoin was down by 4.14% and Shiba Inu fell by 2.83%<\/li>\n<\/ul>\n<\/div>\n\n
Bitcoin on Monday fell nearly 4 per cent as the price was hovering around $20,500-mark. The cryptocurrency market weakened as investors were looking for the US consumer price index reading which will be out this week.<\/p>\n
The world’s largest cryptocurrency, Bitcoin, was down by 3.83 per cent to $20,553. Ethereum, the world’s second largest cryptocurrency, fell by 3.68 per cent to $1,150.09.<\/p>\n
“Most cryptocurrencies dipped over the weekend with increasing selling pressure. Bitcoin has been down by nearly 4 per cent since the last day. If bulls can keep the bar above the US$21,000 level, we might see sharp upward moves,” Edul Patel, Co-Founder & CEO, Mudrex said.<\/p>\n
“While on the other hand, as the price of Ethereum also falls<\/a>, the revenue of projects based on the network is also plunging drastically. Ethereum has lost nearly 5 per cent, and it is about to test its support level at US$1,200. If buyers lose control to sellers, we might see Ethereum falling to the US$1,000 zone,” Patel said.<\/p>\nXRP price fell 5.49 per cent, Solana price was down by 5.33 per cent, Cardano fell by 4.12 per cent, Stellar fell 6.24 per cent.<\/p>\n
Popular cryptocurrencies, Dogecoin, was down by 4.14 per cent, Polkadot fell by 4.29 per cent, Avalanche was down by 6 per cent, Shiba Inu fell by 2.83 per cent.<\/p>\n
ALSO READ |<\/strong> Rupee vs Dollar: What is to be expected in coming months?<\/a><\/p>\n— ENDS —<\/p>\n<\/div>\n<\/div>\n
Bitcoin on Monday fell nearly 4 per cent as the price was hovering around $20,500-mark. The cryptocurrency market weakened as investors were looking for the US consumer price index reading which will be out this week.<\/p>\n
The world’s largest cryptocurrency, Bitcoin, was down by 3.83 per cent to $20,553. Ethereum, the world’s second largest cryptocurrency, fell by 3.68 per cent to $1,150.09.<\/p>\n
“Most cryptocurrencies dipped over the weekend with increasing selling pressure. Bitcoin has been down by nearly 4 per cent since the last day. If bulls can keep the bar above the US$21,000 level, we might see sharp upward moves,” Edul Patel, Co-Founder & CEO, Mudrex said.<\/p>\n
“While on the other hand, as the price of Ethereum also falls<\/a>, the revenue of projects based on the network is also plunging drastically. Ethereum has lost nearly 5 per cent, and it is about to test its support level at US$1,200. If buyers lose control to sellers, we might see Ethereum falling to the US$1,000 zone,” Patel said.<\/p>\n XRP price fell 5.49 per cent, Solana price was down by 5.33 per cent, Cardano fell by 4.12 per cent, Stellar fell 6.24 per cent.<\/p>\n Popular cryptocurrencies, Dogecoin, was down by 4.14 per cent, Polkadot fell by 4.29 per cent, Avalanche was down by 6 per cent, Shiba Inu fell by 2.83 per cent.<\/p>\n ALSO READ |<\/strong> Rupee vs Dollar: What is to be expected in coming months?<\/a><\/p>\n — ENDS —<\/p>\n<\/div>\n<\/div>\n