In the cryptocurrency market, Bitcoin continued to fall, trading below the USD42,000 mark. By market capitalization, the world’s most popular and largest digital coin was trading slightly lower at USD41,637. Bitcoin, which is known for its erratic behaviour, has lost more than USD27,000 since hitting a high of about USD69,000 in early November. Since the beginning of the year, the cryptocurrency has lost more than 9 percent of its value.
According to CoinDesk, Ether, the second largest cryptocurrency and the token linked to the Ethereum network, climbed about 1 percent to USD3,140. Dogecoin, on the other hand, fell approximately 0.8 percent to USD0.15, while Shiba Inu rose more than 1 percent to USD0.000028. Binance Coin, however, was marginally higher at USD436.
Other digital tokens’ performance was varied, with cryptos like Solana, Cardano, XRP, and Litecoin losing ground in the last 24 hours, while Terra, Polkadot, Polygon, Stellar, and Uniswap gained. According to CoinMarketCap, the global crypto market capitalization increased marginally to USD2.07 trillion.
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