\tIn cryptocurrencies, the world’s largest cryptocurrency fell below the crucial $30,000 level for the first time since June 22. Bitcoin prices<\/a> today declined over 6% to $29,671.9 whereas ether, the second largest crypto declined 8% to $1,734. The world’s largest cryptocurrency had fallen to $29,614 on June 22, its lowest since January 27.<\/p>\n<\/div>\n

\tElon Musk, the self-proclaimed ‘Dogefather’ recently changed his profile picture on Twitter to a headshot with Doge reflecting in his sunglasses. The meme coin prices jumped as a result yesterday, however, failed to hold on to the gains today as it was trading over 5% lower at $0.16. Other digital tokens like Cardano, XRP, Litecoin, Uniswap also plunged more than 5% over the last 24 hours.<\/p>\n

\tBitcoin investment products and funds registered outflows for a second consecutive week, according to data from digital asset manager CoinShares released on Monday, highlighting investors’ cautious sentiment on the cryptocurrency sector as prices continued to stall, reported Reuters.<\/p>\n

\tBitcoin outflows hit $10.4 million in the week ended July 16, after outflows of $6.9 million the previous week. For the month of July, bitcoin outflows amounted to $15 million, though inflows for the year were still a robust $4.2 billion.<\/p>\n

\tEther-based investment products and funds, the token used for the Ethereum blockchain, had $11.7 million in net inflows last week. So far this year, ether inflows were close to $1 billion. The overall crypto sector had net inflows of $2.9 million in the latest week, data showed.<\/p>\n

\tThe world’s largest cryptocurrency has been stuck in a range between about $30,000 and $40,000 for months after reaching its all-time high near $65,000. Bitcoin has been hit by many setbacks of late, including China\u2019s regulatory crackdown, partly over concerns about high energy consumption by crypto miners, and progress in central bank digital-currency projects that could squeeze private coins. Bitcoin\u2019s price has roughly halved from a record high three months ago.<\/p>\n

\t(With inputs from agencies)<\/em><\/p>\n

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