Today, the price of Bitcoin falls below $34,000 and trades 2 per cent lower at $33,948. The market value of crypto has slipped over 3 per cent within 24 hours to $ 1.65 trillion, as per pricing from CoinGecko.

On the other hand, Ether, the coin linked to the Ethereum blockchain and the second-largest cryptocurrency, also plunged more than 3 per cent to $2,499. Meanwhile, dogecoin price today was trading almost a per cent lower at $0.12, whereas Shiba Inu also fell over 5 per cent to $0.000018.

• Trade War May Ease if China Shifts Manufacturing to US: Jefferies
• 55th GST Council Set to Held on 21 December 
• C2C Advanced Systems IPO GMP Today, Lot Size, Issue Date & Financials
• India to Lead Global Economy and AI: John Chambers
• Nazara Tech and WTFund to Invest in Two Gaming Startups 

Other digital tokens’ performance also declined as Solana, Polkadot, Cardano, Uniswap, Terra, XRP, Avalanche, Polygon, and Stellar prices were trading with cuts in the 2-5 per cent over the last 24 hours. However, Tron surged more than 4 per cent.

Bitcoin has primarily traded in a range of $35,000 to $45,000 this year as the crypto market has been impacted by the Russia-Ukraine crisis, rising inflation and fears of Fed rate hikes.