Cryptocurrency prices today: Bitcoin, Dogecoin, Shiba Inu slide while Xrp and Terra gain!

Cryptocurrency prices were mixed today, with bitcoin trading above the $38,000 mark. The world’s largest and most popular cryptocurrency was trading almost flat at $38,467. The value of the global cryptocurrency market has increased in the past 24 hours to $1.81 trillion, according to CoinGecko prices.

On the other hand, Ether, the coin linked to the ethereum blockchain and the second largest cryptocurrency, also gained marginally to $2,843. Meanwhile, dogecoin price was trading down about 0.5% at $0.13 today, while Shiba Inu plunged more than 3% at $0.000021.

The performance of other digital tokens was also mixed: Solana, Stellar, Polkadot, Cardano, Uniswap, Polygon, Tron slipped while the prices of Terra, XRP, Avalanche, Litecoin traded with gains in the range of 1 to 3% in the last 24 hours.

Bitcoin has struggled, as have risky assets, in recent months. It has largely traded in the $35,000-$45,000 range this year as the Federal Reserve began raising interest rates amid stubbornly high inflation. After hitting an all-time high of nearly $69,000 in November, bitcoin has lost value. The digital token is down around 17% year-to-date (YTD).

Within ten years, one billion people will have used or tried cryptoCoinbase Global Inc. chief executive Brian Armstrong, chief executive of Coinbase Global Inc., said Monday at the Milken Institute global conference.

“I think 10 to 20 years from now we will see a substantial chunk of GDP happening in the crypto economy,” Mr. Armstrong said, during a session with Cathie Wood, CEO of ARK Investment Management LLC, as reports Bloomberg.

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Thomas Estimbre
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