Prices of Bitcoin, Ethereum and other cryptocurrencies fell as volatility continued to fade in crypto markets.
Bitcoin price fell.
- Bitcoin price was down to $29,509.23
- Ethereum fell 6.89 per cent to $1,754.39
- Dogecoin fell 4.23 per cent, Shiba Inu fell 5.44 per cent
Bitcoin’s price on Tuesday fell below $30,000 as most of the cryptocurrencies plunged in red, according to data on CoinDesk.
Bitcoin, Ethereum and other cryptocurrencies fell as volatility continued to fade in crypto markets.
Bitcoin’s price has remained low as investors were waiting for clear signals about inflation and recession.
BITCOIN PRICE TODAY
The world’s largest cryptocurrency, Bitcoin, price today was down by 5.59 per cent to $29,509.23. Meanwhile, the world’s second largest cryotocurrency, Ethereum, fell 6.89 per cent to $1,754.39.
“Bitcoin dipped to US$29,000 in the past 24 hours after witnessing nearly 4 per cent growth on Sunday. The current drop is due to Bitcoin miners auctioning their minted tokens as mining has become less profitable as cost tumbles,” Edul Patel, co-founder and CEO, of Mudrex said.
Other cryptocurrencies such as XRP fell 2.58 per cent, Solana fell 8.76 per cent, Cardano was down by 8.69 per cent, Stellar fell 7.47 per cent.
Other cryptocurrencies such as dogecoin fell 4.23 per cent, Polkadot was down 7.65 per cent, Avalanche fell 13.60 per cent, and Shiba Inu fell 5.44 per cent.