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.

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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.