Cryptocurrency Prices Today: Bitcoin, Ether Decline; Cardano, Polkadot have little advantage. Check Latest Rates

 

In this illustration representations of Bitcoin, Ethereum, Dogecoin, Ripple, Litecoin are placed on the PC motherboard.

• The global crypto market capitalization was today below the $1 trillion mark, as it fell more than one percent to $965 billion in the past 24 hours

Cryptocurrency prices fell nearly 0.5% today at $19,303 with the world's largest and most popular digital token trading bitcoin. After hitting an all-time high of around $69,000 in November last year, bitcoin price has been trading in a narrow range around $20,000 since June this year.

On the other hand, Ether, the coin tied to the Ethereum blockchain and the second-largest cryptocurrency, also fell by more than a percentage point to $1,339. Meanwhile, Dogecoin price was trading down one percent today at $0.05, while the Shiba Inu was also down nearly one percent at $0.000009.

Today's performance of other crypto prices also declined as Avalanche, Binance USD, Chainlink, Tether, Apcoin, Solana, Cardano, Polygon, XRP, Terra, Stellar, Uniswap, Tron, Litecoin traded with price cuts in the last 24 hours. While doing Cardano , Polkadot picked up a bit. According to CoinGecko, the global crypto market cap was below the $1 trillion mark today, as it stood at $965 billion by more than one percent in the past 24 hours.

Global markets have plunged over the past few months as central banks around the world raised interest rates to curb rising inflation. Risk assets such as cryptocurrencies have been particularly hard hit as bearish fears mount.

Bitcoin has been in a tight circle in recent weeks, with the coin largely hovering around $20,000. On Monday it traded around $19,300. Even big announcements, such as BlackRock Inc.'s recent partnership with crypto platform Coinbase Global Inc., have failed to shake the asset class from its idiosyncrasies.

Bitcoin has traded with riskier assets almost in lockstep over the past few years, as pandemic-era stimulus flooded the global economy, and then central banks such as the Federal Reserve hiked rates to cope with worsening inflation. is of. Bitcoin is down nearly 70% from a record high of around $69,000 in November 2021. The digital coin broke above the $20,000 mark for the first time in December 2020.