CRYPTOCURRENCY PRICES UPDATES: Prices for cryptocurrencies fell sharply Wednesday, with Bitcoin, the biggest and most well-known digital currency, trading more than 1 percent down at USD 19,276. The price of Bitcoin has been trading in a constrained range of around USD 20,000 since June this year after rising to an all-time high of around USD 69,000 in November last year.

On the other side, Ether, the second-largest cryptocurrency and a coin connected to the Ethereum blockchain, fell by more than 2 percent to USD 1,303. Shiba Inu was also roughly 2 percent lower, at USD 0.000010, than dogecoin, which was currently trading at USD 0.05.

"On Tuesday, Bitcoin reached its important resistance level of USD 19,600, trading at its highest level in the previous five days. Bulls may continue to aim for the USD 20,000 level in the next days despite the modest price decline today. Ethereum, on the other hand, had a rise in price during the last day. There may not be any abrupt movements as bulls and bears compete to control the market. However, the zone around USD 1,380 is expected to be the next target for ETH if bulls can hold off bearish pressure "says Edul Patel, CEO and Co-Founder of Mudrex, a global platform for cryptocurrency investments.

Uniswap, Tron, and Litecoin all had increases in price today, while Avalanche, Binance USD, Polkadot, Cardano, Chainlink, Tether, ApeCoin, Solana, Cardano, Polygon, XRP, Terra, and Stellar all saw decreases. According to CoinGecko, the market capitalization of all cryptocurrencies fell below the USD 1 trillion threshold today after declining more than 1 percent over the previous day to USD 965 billion.

The US federal investigations are being conducted against the bankrupt bitcoin lender Celsius Network. "The number and scope of investigations into the debtors by governmental entities are significant: According to reports, Celsius is the subject of enforcement actions or inquiries in at least 40 states, in addition to inquiries or investigations involving the federal government "based on a document submitted by attorneys for its committee of unsecured creditors.

Bitcoin Investment – Understanding the Pros and Cons

How Bitcoin Can Affect Your Financial Stability

Despite its domestic focus China wants to participate in the global economy