Bitcoin below 28k, Ethereum and other tokens lower edge

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SUMMARY

Cryptocurrencies extended losses on Monday. The global crypto market capitalization stood at $1.16 trillion, with a volume of $31.67 billion in the last 24 hours. “In the last 24 hours, NKN (NKN) and ApeCoin (APE) were the top earners on WazirX,” said Rajagopal Menon, Vice President of WazirX.

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Bitcoin | The world’s largest and most popular virtual currency, Bitcoin, fell 2.3% to $27,733.3. Its market value stood at $543.03 billion. The trading volume was $12.31 billion.

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“Bitcoin traded below the $28,000 threshold as investors await further US productivity and employment data this week,” said Edul Patel of Mudrex.

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“Bitcoin remained flat at late March levels. Investors are currently weighing the potential impact of recent bank failures, inflation, and regulatory actions on the price of bitcoin,” said Rajagopal Menon of WazirX.

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Ethereum | The second largest virtual currency, Ethererum or Ether, fell 2.1% to $1,773.65 with a market capitalization of $215.42 billion. Ethereum’s trading volume was $6.18 billion in the past 24 hours.

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On ETH, Patel said, “Ethereum is trading at US$1,700, and its developers are eagerly awaiting the Shanghai Update, which is expected to take place on April 12 and will mean Ethereum’s full transition to PoS.”

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Dogecoin | Meme-based virtual currency Dogecoin fell 9.4% on Monday. His market value stood at $10.9 billion. The trading volume was $840.36 million.

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Shiba Inus | Shiba Inu fell 7.27% with a market capitalization of $6.34 billion. The trading volume was $238.4 million in the past 24 hours.

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solana | Solana slid 3.93% to $20.1 with a market capitalization of $7.86 billion. Solana’s trading volume was $231.06 million in the last 24 hours.

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Polygon | Polygon fell 2.14% with a market capitalization of $9.88 billion. The trading volume was $213.18 million in the last 24 hours.

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